Mecum posts big result in Indiana

| 3 Jun 2011

Mecum's 24th Annual Original Spring Classic Auction from 17-22 May amassed more then $50 million at the Indiana State Fairgrounds.

The auction house offered a total of 3,381 lots during the mammoth six-day event and sold an impressive 80%-plus. That encompasses the following sales: 1918 vehicles crossed the block, with 1249 (66%) selling at the hammer price. In addition 1463 lots of memorabilia were offered, with 97% items selling at the hammer price of just under a million dollars. With commissions etc, the total was $51 million.

Star lots included a $550,000 Plymouth Hemi Cuda, a $490k 1963 Shelby Cobra and a well-known'67 Chevy Camaro that made $400,000.

"We are proud of the excitement shown by collectors, enthusiasts and spectators participating in our Spring Classic event as we delivered on our mission to make the world's largest collector car auction even larger than last year," said President Dana Mecum.  "The overwhelming success of our fast-paced Original Spring Classic Auction is continued proof that collectors at all levels are following their passion and buying the cars of their dreams.  We also took memorabilia collecting to a whole new level at this event with Mecum's inaugural Memorabilia Auction, which boasted strong participation and high-level bidding."  

Held simultaneously with Mecum's vehicle auction, the Memorabilia Auction took place in a separate auction ring and featured petroliana, porcelain and neon signs from various consigners, including entire collections from Mike Guarise and Zeb Morris.  The top-selling item was a 60-inch round Chevrolet Super Service Milk Glass Neon Sign (Lot K387) for $20,000. 

A huge variety of cars crossed the auction block offering bidders an array of makes and models to suit every collector's taste: high-quality muscle cars, vintage racers, Corvettes, world-class Ferraris, street rods, classic trucks and motorcycles.