Mecum Exceeds $100M at Indy Auction

The top-seller for the auction was this 1967 Shelby 427 S/C Cobra Roadster that sold for 3.3M. Photo: Mecum Auctions

Walworth, WI — With a total of more than $107.8 million in overall sales achieved, Dana Mecum’s May 14-22 Original Spring Classic in Indianapolis became the second Mecum auction this year to break $100 million in overall sales — a first within the collector car auction industry

Of the 2,057 cars offered throughout the nine auction days, 1,715 hammered sold for a sell-through rate of 83%.

Led by an top 10 that included Parnelli Jones’ Baja-winning Ford Bronco selling for a record $1.87 million last Friday, individual sales results were strong throughout the auction.

The Bronco finished third behind the much-anticipated 1967 Shelby 427 S/C Cobra Roadster that grabbed the top sales spot with a $3.3 million selling price, and the second-place 1930 Duesenberg Model SJ Rollston Convertible Victoria. Get the rest of the top 10.

And four days into the sale, Mecum announced that it will accept cryptocurrency for payment via BitPay. The move offers registered bidders the option to pay for collector car purchases with cryptocurrency during the in-person auction settlement process. Perhaps more importantly, online bidders will have the convenience of an end-to-end digital experience from the comfort of home.

Next up for Mecum is the June 11-12 Tulsa auction of 600 cars, including three special collections.