Mecum Auctions, the world’s largest collector car auction company, scored record-high sales at its State Farm Stadium auction from March 18 to March 20.
It was the largest that had taken place in the state so far, exceeding $42.3 million in sales. This is Mecum’s third auction in Glendale, with the first having previously set the record for the company’s highest-grossing inaugural event.
Of the 829 vehicles being auctioned, 712 were sold. The top-selling car, a 1967 Chevrolet Corvette L88 Coupe, sold for $2.7 million. The award-winning car features an original L88 engine, which is highly coveted by automobile lovers.
“The success of this auction in only its third year is unprecedented,” said Mecum Chief Operating Officer Sam Murtaugh.
“The success and continued growth would not be possible without the natural synergy that has developed with our partners at State Farm Stadium and the gracious host city of Glendale. Mecum is excited to compound the momentum in Arizona, and we all look forward to 2022 by making it bigger and better than ever.”
Other top-selling vehicles included Ferraris from the 20-vehicle Steve Todhunter Collection, which sold for $6.08 million. Additionally, 18 classic vehicles from the Napa Valley Collection were sold for a combined $2.1 million.
According to Murtaugh, this event established itself as the third-largest auction on the Mecum.