June 15, 2024

Linkage Mag

Geared for the Automotive Life

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Mecum Sets New $275m Auction Record in Kissimmee

How’s the overall classic car market doing? Pretty well, if you take a look at what Mecum’s been able to achieve in Florida over the past several years.

The big news is the $275m total from this year’s Kissimmee auction, which wrapped earlier this month. $275m is a new world auction record for any single sale — but it shouldn’t come as much of a surprise, considering that Mecum had over 4,300 cars consigned to this sale — itself a record — and considering that the company has achieved over $200m here each year since 2022. 

The $217m total was big news in 2022, and the $234m total was even bigger last year. Three years of $200m+ events in a row shows both a strong market and a company that is dialed into its demographics and into its strengths.

The high sale of the event went to a 1963 Ferrari 250 GT SWB California Spyder at $17,875,000. Chassis 4137GT is the final Cal Spyder built and came with its original chassis and body, as well as Classiche Certification. It had known ownership history from new and a host of awards from Amelia Island, Hilton Head, Cavallino and more.

Behind that was a 1966 Ford GT40 MkI Road Car which brought $6,930,000. This was one of 30 originally built, and was offered in very original condition with just 13,442 miles on the clock.

Additionally, a 2004 Ferrari Enzo in Grigio Titanio — one of six finished in that color — sold for $4,510,000, while a 1965 Shelby 427 Competition Cobra brought $4,180,000.

On the Mopar front, the high seller was a 1970 Plymouth Hemi ’Cuda convertible at $2,145,000.

See the complete results here.