Mecum Monterey 2018 Daytime Auction Reaches $47 Million in Overall Sales

1933 Duesenberg Model J Convertible Coupe (Lot S93) at $3,850,000

10th Anniversary Auction Achieves 38-Percent Growth in Sales Over 2017

WALWORTH, WI – August 30, 2018 – (Motor Sports Newswire) – Mecum Auctions outdid itself again with a 38-percent increase in total sales at its 10th annual Daytime Auction held in Monterey, California. With quality, rarity and diversity punctuating the vast Mecum lineup, the 2018 auction hurdled past last year’s totals as overall sales reached an impressive $47 million and marked the anniversary event as the highest-grossing Monterey auction in Mecum’s 10 years on the peninsula. In all, 394 exceptional autos changed hands in just three days, Aug. 23-25, and even individual sales prices reflected the strength of the auction’s stellar lineup.

2014 Ferrari LaFerrari (Lot S111) at $3,190,000
2014 Ferrari LaFerrari (Lot S111) at $3,190,000

Including everything from prewar luxury motorcars to racing legends and modern hypercars, top sales at the Daytime Auction fittingly represent the astonishing cross-section of multimillion-dollar investment-grade autos offered throughout the three-day event. The auction’s top seller was an absolutely stunning 1933 Duesenberg Model J Convertible Coupe Disappearing Top Roadster (Lot S93) that sold for $3.85 million, while the second top slot was claimed by a 307-mile 2014 hybrid-drive Ferrari LaFerrari (Lot S111) that brought $3.19 million. The auction’s diverse lineup was further highlighted by the sales of a 2003 Ferrari Enzo (Lot S48.1) that brought $2.86 million and a 1989 Porsche 962 (Lot S126) that sold for $2.2 million. Another Duesenberg to land among top sales was the 1929 Model J Convertible Sedan (Lot S116.1) of the headlining Academy of Art University Collection. The car brought a $1.155 million sale, taking the prestigious school’s entire seven-car offering to $2.82 million overall as all vehicles in the group hammered sold.

2003 Ferrari Enzo (Lot S48.1) at $2,860,000
2003 Ferrari Enzo (Lot S48.1) at $2,860,000

Unique sales that drew substantial attention from the public included the $1.127 million sale of the Indy 500-winning 2012 Dallara DW12 Honda Indy Car (Lot S90). The car was offered with an unusual engine lease agreement that will allow the new owner to take possession of the car’s race-winning powerplant—something that is virtually unheard of in the world of factory-sponsored racing. The 1987 Porsche 959 Komfort (Lot F109.1) offered on Friday was another vehicle that became an attraction unto itself, and its sale at $467,500 demonstrated that its unbridled potential was unquestionably evident. The 1985 Modena GT Spyder California (Lot S189) featured in “Ferris Bueller’s Day Off” demanded serious attention as well, and heated bidding brought its final selling price to $407,000.

1989 Porsche 962 (Lot S126) at $2,200,000
1989 Porsche 962 (Lot S126) at $2,200,000

The complete top 10 collector-car sales at the Mecum Monterey 2018 auction include:

  1. 1933 Duesenberg Model J Convertible Coupe Disappearing Top Roadster (Lot S93) at $3,850,000
  2. 2014 Ferrari LaFerrari (Lot S111) at $3,190,000
  3. 2003 Ferrari Enzo (Lot S48.1) at $2,860,000
  4. 1989 Porsche 962 (Lot S126) at $2,200,000
  5. 1969 Lamborghini Miura P400 S (Lot F114) at $1,155,000
  6. 1929 Duesenberg Model J Convertible Sedan (Lot S116.1) at $1,155,000
  7. 2012 Dallara DW12 Honda Indy Car (Lot S90) at $1,127,500
  8. 1958 Mercedes-Benz 300SL Roadster (Lot F116) at $1,072,500
  9. 2017 Ferrari F12tdf (Lot S125) at $1,045,000
  10. 1936 Auburn 852 SC Boattail Speedster (Lot S89) at $1,017,500

For access to complete auction results, sign up for the free InfoNet service offered at Mecum.com. Mecum’s next auction will be Louisville 2018 this Sept. 7-8 featuring 600 classic and collector cars followed by a 1,000-car offering at Dallas’ Kay Bailey Hutchison Convention Center this Oct. 3-6. For more details on upcoming auctions, to consign a vehicle or to register as a bidder, visit Mecum.com, or call (262) 275-5050 for more information.

About Mecum Auctions

Nobody sells more than Mecum. Nobody. The Mecum Auction Company is the world leader of collector car, vintage and antique motorcycle, and Road Art sales, hosting auctions throughout the United States. The company has been specializing in the sale of collector cars for 30 years, now offering more than 20,000 lots per year and averaging more than one auction each month. Established by President Dana Mecum in 1988, Mecum Auctions remains a family-run company headquartered in Walworth, Wisconsin. For further information, visit Mecum.com or call (262) 275-5050. Follow along with Mecum’s social media news and join us on Facebook,  Twitter, YouTube, Pinterest and Instagram.

Source: Mecum Auction, Inc.

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