Mecum Tops $50 Million at Original Spring Classic
Wall-to-wall vehicles, motorcycles, neon signs, gas pumps and more filled every building at the Indiana State Fairgrounds as Mecum Auctions offered a massive selection of collector cars and memorabilia at its 24th Annual Original Spring Classic Auction, May 17-22, 2011, in Indianapolis, Ind.
Mecum offered a total of 3,381 lots during the six-day event, boasting an 80% sell-through rate with total sales surpassing $50 million. That total encompasses the following sales: 1,918 vehicles crossed the block, with 1,249 or 66% selling at the hammer price of $47 million plus, which continues to rise with Bid Goes On sales; and 1,463 lots of memorabilia were offered, with 1,416 or 97% items selling at the hammer price of $906,605. When factoring in Mecum’s low 6% buyer’s premium on vehicles and 15% buyer’s premium on memorabilia, total sales for the event reached an epic $51.1 million.
Among the vehicles crossing the auction block was a variety of motorcycles, from classic Indian bikes to a custom Norley Café Racer auctioned off for the Curing Kids Cancer charity. The top 10 motorcycle sales (all sales reflect hammer prices) at Mecum’s 2011 Original Spring Classic Event were:
1. 1913 Indian Boardtrack Racer (Lot T288) at $66,500
2. 2002 MTT Turbine Y2K Superbike (Lot S150) at $66,000
3. 1911 Indian Big Base 8 Valve Racer (Lot U76) at $50,000
4. 2011 SCSP Norley Café Racer (Lot S120.1) at $50,000
5. 2011 Arlen Ness Flight 93 Custom (Lot S163) at $40,000
6. 1921 Indian Scout (Lot T228) at $35,000
7. 1923 Indian Scout (Lot T227) at $27,000
8. 1973 Triumph X-75 Hurricane (Lot U61) at $24,000
9. 1959 Triumph Bonneville T120 (Lot U51) at $21,000
10. 1963 Harley-Davidson Duo Glide (Lot Z440) at $16,000
“We are proud of the excitement shown by collectors, enthusiasts and spectators participating in our Spring Classic event as we delivered on our mission to make the world’s largest collector car auction even larger than last year,” said President Dana Mecum. “The overwhelming success of our fast-paced Original Spring Classic Auction is continued proof that collectors at all levels are following their passion and buying the vehicles of their dreams.”
Complete auction results are available to Mecum InfoNet members, which is free to join at www.Mecum.com. Mecum InfoNet members can log in to see vehicle-by-vehicle results by visiting the Results Page.
Mecum will offer a noteworthy collection of motorcycles at its upcoming Monterey Auction, which is open to buyers, sellers and spectators with free admission and free general parking and takes place Aug. 18-20, 2011 at the Hyatt Regency Monterey Hotel & Spa on the Del Monte Golf Course. Consignment, bidder and event information is available online at www.Mecum.com or by calling 815.568.8888.
