Photo: Mecum Auctions
Vehicle collectors appear to have had a good year, if we look at some of the figures presented by Mecum Auctions. According to the American company, they sold $578 Million worth of vehicles through all their live auctions organized in 2021, which led to an industry-wide record.
As company representatives noted, they have a 90 percent overall sell-through rate, and the added total of the vehicles that were sold through them is the highest in the entire industry this year on a global scale.
Unfortunately, we cannot verify that claim since we do not have data from Mecum's competitors across the world. However, browsing through their auctions this year would prove that they sold numerous valuable vehicles, and they do add up if you think about it.
Their first auction of the year resulted in $141.2 million in sales, which was the highest-ever total in Mecum's history. That auction resulted in the sale of Carroll Shelby's personal 427 Cobra, which exchanged owners for $5.94 million. Evidently, that made it the most valuable 427 Cobra ever sold at a public auction and too expensive to drive on public roads ever again.
Mecum Auctions also helped sell the most expensive Ford Bronco in the world, which also became the most valuable SUV ever sold at a public auction. We are referring to "Big Oly," which sold for $1.87 million.
The Bronco in question won the 1971 and 1972 Baja 1000 races, as well as the 1972 Baja 500 and 1973 Mint 400. It came from Parnelli Jones' personal collection, and he was also the person to drive it to victory, which made everything even cooler.
Mecum also sold $18 million worth of motorcycles during its April 2021 Las Vegas auction, which started out with 1,214 units for sale and had a 95 percent sell-through rate. The latter is considered astounding in the industry. The sell-through rate measures the amount of inventory sold within a period relative to the amount of inventory received in the same time period.
Unfortunately, we cannot verify that claim since we do not have data from Mecum's competitors across the world. However, browsing through their auctions this year would prove that they sold numerous valuable vehicles, and they do add up if you think about it.
Their first auction of the year resulted in $141.2 million in sales, which was the highest-ever total in Mecum's history. That auction resulted in the sale of Carroll Shelby's personal 427 Cobra, which exchanged owners for $5.94 million. Evidently, that made it the most valuable 427 Cobra ever sold at a public auction and too expensive to drive on public roads ever again.
Mecum Auctions also helped sell the most expensive Ford Bronco in the world, which also became the most valuable SUV ever sold at a public auction. We are referring to "Big Oly," which sold for $1.87 million.
The Bronco in question won the 1971 and 1972 Baja 1000 races, as well as the 1972 Baja 500 and 1973 Mint 400. It came from Parnelli Jones' personal collection, and he was also the person to drive it to victory, which made everything even cooler.
Mecum also sold $18 million worth of motorcycles during its April 2021 Las Vegas auction, which started out with 1,214 units for sale and had a 95 percent sell-through rate. The latter is considered astounding in the industry. The sell-through rate measures the amount of inventory sold within a period relative to the amount of inventory received in the same time period.
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