July 21, 2024

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American Muscle and Classics Claim All Top Ten Slots at $113m Mecum Indy Auction

For the second year in a row, Mecum’s annual Indy auction topped $100m in sales.

This time, it was $113m all told, with 76% of the lots on offer changing hands.

This is the second-highest total ever achieved here in the event’s 36-year history — the record stands with the $126.5m achieved here last year during the 35th anniversary celebration.

Main attraction offerings did well, including the 1970 Plymouth Cuda 440 Rapid Transit Show Car (Lot F152) and the 1970 Dodge Hemi Challenger R/T SE ‘The Black Ghost’ (Lot F142), which sold for $2.2 million and $1.07 million, respectively.

According to Mecum’s press release, “The energy in the room was palpable when the Indy auction’s headlining vehicles took to the stage. After a successful promotional campaign spanning several months led by rare and historic offerings like the auction’s two leading vintage Mopar muscle car legends, bidders and spectators couldn’t wait to see the live auction action surrounding the cars unfold in real time. The long-awaited moments did not disappoint, with both vehicles reaching into the seven-figure range after heated bidding and the Cuda exceeding $2 million.”

Interestingly enough, of all the cars sold here this year, the top ten vehicles in terms of final price achieved were all American-built.  

Collections continue to be strong in the market, as evidenced by an aggregate collection-based total of more than $35.76 million. Top-selling collections included the Hustle for the Muscle No Reserve Collection that saw 61 vehicles sell for a total of $8.66 million, and The Apex Collection, which saw 24 of its cars sell for a total of $4.23 million. The Clyde Horst Collection of 14 cars sold in its entirety for more than $2.04 million, and The Chris Bishop Collection of 24 cars also saw a 100% sell-through rate bringing $2.49 million in total.

The complete top 10 collector car sales at the Indy 2023 auction include:

  1. 1970 Plymouth Cuda 440 Rapid Transit Show Car (Lot F152) at $2,200,000
  2. 2020 Ford GT Heritage Edition (Lot S216) at $1,375,000
  3. 1970 Dodge Hemi Challenger R/T SE ‘The Black Ghost’ (Lot F142) at $1,072,500
  4. 1969 Chevrolet Camaro ZL1 (Lot S118) at $770,000
  5. 1971 Chevrolet Corvette Export ZR2 Coupe (Lot S116) at $715,000
  6. 2006 Ford GT Heritage Edition (Lot S215.1) at $660,000
  7. 1967 Chevrolet Corvette Convertible (Lot S105) at $660,000
  8. 1931 Cadillac Series 452 V-16 Convertible Coupe (Lot S225) at $660,000
  9. 1967 Shelby GT350 Fastback (Lot S115) at $632,500
  10. 1970 Plymouth Hemi Superbird (Lot S114) at $605,000

We’ll have coverage of Indy 2023 in Linkage #013, due out in July. In the meantime, see the complete results here.

Images: Mecum Auctions