ARIZONA NEWS

Mecum Glendale auto auction nets $42.3M in sales during weekend event

Mar 24, 2021, 4:15 AM | Updated: 10:08 pm

 

PHOENIX — More than 700 cars were sold in one weekend at State Farm Stadium in Glendale during the recent Mecum auto auction event, resulting in $42.3 million in overall sales, the company announced.

The event, which took place March 18 to 20, marked a 14% increase over Mecum’s inaugural event in Glendale two years ago, which was the highest-grossing inaugural event in company history.

“The success of this auction in only its third year is unprecedented,” Sam Murtaugh, Mecum chief operating officer, said in a press release.

“By exceeding $42 million in sales in only three days, the Glendale, Arizona, event has officially established itself as the third-largest auction on the Mecum calendar.”

A 1967 Chevrolet Corvette L88 Coupe with an original L88 engine was the top-selling car at $2.7 million, one of the 712 vehicles bought out of 829 up for sale at the event.

The 20-vehicle Steve Todhunter Collection was all sold and netted an overall total of $6.08 million, with a 2016 Ferrari F12tdf ($880,000), a 2011 Ferrari 599 GTO ($720,500) and a 2006 Saleen S7 Twin Turbo ($605,000) grabbing the second, third and fourth spots, respectively, for the top-selling vehicles.

The Napa Valley Collection made up of 18 classic vehicles were also all sold for a combined $2.1 million, headlined by a 1973 Porsche 911 Carrera RS 2.7 that sold for $495,000 and a 1970 DeTomaso Mangusta that went for $302,500.

In total, the three-day event had a 86% sell-through rate.

“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,” Murtaugh said.

“Mecum is excited to compound the momentum in Arizona, and we all look forward to 2022 by making it bigger and better than ever.”

Lifetime Windows & Doors

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

Sen. Kyrsten Sinema, D-Ariz., arrives for a meeting of the Senate Homeland Security Committee at th...
KTAR.com

Senate approves Biden’s sweeping Inflation Reduction Act

Arizona senators Kyrsten Sinema and Mark Kelly praised the Senate's approval of a sweeping inflation and climate change bill.
14 hours ago
(Facebook photo / Phoenix Public Library)...
KTAR.com

​​Century Library to temporarily close for maintenance Aug. 22

The Phoenix Public Library Century Branch will close from Monday, Aug. 22 through Sunday, Oct. 2 for maintenance.
14 hours ago
(Clayco photo)...
KTAR.com

Real estate firm Clayco breaks ground on industrial development in Mesa

Real estate development and construction firm Clayco this week broke ground on a four-building flex-industrial development in Mesa.
14 hours ago
(Facebook photo / The Saguaros)...
KTAR.com

Scottsdale 20/30 Club rebrands as ‘The Saguaros,’ donates to Phoenix Children’s

The Scottsdale 20/30 Club, an organization that threw fundraisers to help local children's charities, rebranded in July as the "Saguaros."
14 hours ago
(Public domain photo)...
Associated Press

Man sentenced to 24 years in prison for killing Arizona jail officer

A Phoenix man was sentenced to 24 years in prison for his convictions for manslaughter in the 2013 killing of a Maricopa County jail officer.
2 days ago
(Facebook File Photo/Lake Pleasant Regional Park)...
KTAR.com

Deputies search for man last seen swimming in Lake Pleasant

Authorities are searching for a man who went underwater swimming in the Humbug Cove area of Lake Pleasant and did not resurface.
2 days ago

Sponsored Articles

...
Day & Night Air Conditioning, Heating and Plumbing

Ways to prevent clogged drains and what to do if you’re too late

While there are a variety of ways to prevent clogged drains, it's equally as important to know what to do when you're already too late.
...
Sanderson Ford

Don’t let rising fuel prices stop you from traveling Arizona this summer

There's no better time to get out on the open road and see what the beautiful state of Arizona has to offer. But if the cost of gas is putting a cloud over your summer vacation plans, let Sanderson Ford help with their wide-range selection of electric vehicles.
...
Carla Berg, MHS, Deputy Director, Public Health Services, Arizona Department of Health Services

Vaccines are safe if you are pregnant or breastfeeding

Are you pregnant? Do you have a friend or loved one who’s expecting?
Mecum Glendale auto auction nets $42.3M in sales during weekend event