The top results at the Mecum Glendale 2022 classic car auction were for a Ferrari 275 GTB/4, a Duesenberg Model J, and a Porsche Carrera GT.
Mecum had a successful Glendale 2022 collector car auction increasing earnings by more than 50% from a year ago. Four cars sold for over a million dollars: a 1967 Ferrari 275 GTB/4, 1929 Duesenberg Model J Murphy Convertible Coupe, a 2005 Porsche Carrera GT, and a 2020 Ford GT. The Porsche sold for a new model record, as only the second Carrera GT to achieve more than $2 million in a public auction.
Mecum Glendale Auction 2022 in Arizona
Mecum Auctions misses the traditional Scottsdale Arizona auctions in January because of selling even earlier at Kissimmee in Florida but hosted its fourth annual auction in Glendale, Arizona, at State Farm Stadium March 16-19, 2022.
In 2022, Mecum had its most successful Glendale auction ever with $66.3 million in overall sales — a 53% increase but the sell-through rate for the reserve-based auction was lower at 78% (1,285 of all 1,657 lots sold).
The Mecum Glendale 2021 auction earned $42.3 million in sales — an increase of over 14% over the total in 2020. Mecum sold 712 of 829 vehicles on offer for a sale-through rate of 86%.
Mecum Glendale Auction 2022 Top Results
The top ten results at the Mecum Glendale 2022 collector car auction were:
- 1967 Ferrari 275 GTB/4 (Lot S152.1) at $3,025,000
- 1929 Duesenberg Model J Murphy Convertible Coupe (Lot S149) at $2,365,000
- 2005 Porsche Carrera GT (Lot S145) at $2,200,000
- 2020 Ford GT (Lot S160) at $1,100,000
- 2017 Lamborghini Aventador LP700-4 Roadster (Lot S162) at $698,500
- 1969 Ford Mustang Mach 1 Fastback (Lot F183) at $440,000
- 1934 Packard 1107 Twelve Coupe Roadster (Lot S181) at $440,000
- 2006 Ford GT (Lot F181) at $412,500
- 1995 Rolls-Royce Corniche S Convertible (Lot S149.1) at $412,500
- 1996 Lamborghini Diablo VT Roadster (Lot S155) at $332,750
Note: Results include premium.
Million-Dollar Results at Mecum Glendale 2022 Sale
Four cars sold for over a million dollars at the Mecum Glendale 2022 car auction:
The top result was $3,025,000 paid for a Classiche-certified 1967 Ferrari 275 GTB/4 (Lot S152.1), S/N 09495. This GTB is fitted with a correct 3,286cc four-cam V-12 engine, believed to be 1 of only 2 spare engines produced by the factory. In recent months, it was shown at the Hampton Court Concours d’Elegance and at the Salon Privé Concours d’Elegance at Blenheim Palace.
The second highest result at the Mecum Glendale 2022 sale was for an AACA National First Prize-winning 1929 Duesenberg Model J Murphy Convertible Coupe (Lot S149) that brought $2,365,000. This bright green classic was the fourth Model J to achieve over $2 million at auction thus far in 2022.
The 182-mile 2005 Porsche Carrera GT (Lot S145) that sold for a model record $2,200,000 was probably the most significant top result. A year ago, a million-dollar result would have been considered very good. However, the model record was increased twice at Scottsdale 2022: RM Sotheby’s sold one for $1,545,000, and a few days later a new model record was set at $1,980,000 at Barrett-Jackson. It was increased to $2,012,500 at Gooding Amelia Island 2022 in early March. RM Sotheby’s is offering a Carrera GT at Fort Lauderdale end March 2022.
A 1,270-mile 2020 Ford GT (Lot S160) achieved $1.1 million — the eighth Ford GT to sell for more than a million at auction thus far in 2022.
Other Results at Mecum Glendale 2022
Private collections were responsible for nearly $20 million of the $66.3 million auction total, with the headlining Mile High Collection seeing 100% of its more than 50 vehicles sell for a total of $5.9 million, while the main-attraction Hooked on Vettes Collection achieved sales for all 13 of its Corvettes as well as for all of its 180-plus large-scale neon signs for aggregate totals of $1.5 million and $1.7 million, respectively.
Mecum auctions have seen an ongoing string of successful, record-setting results regarding attendance, individual sale prices and overall sell-through rates with seemingly no end to the growth in sight. Mecum auctions in Houston, Texas, and Indianapolis are up next, and results from both of those events are expected to follow suit.
