Friday, February 3, 2023
News Mecum Chattanooga Collector Car Auction : $18.7 Million in Sales

Mecum Chattanooga Collector Car Auction : $18.7 Million in Sales

The Mecum Classic car auction saw buyers spending $18.7 million

  • 543 cars where up for auction, 84% of them were bought

  • Total value of the sales amounts to $18.7 million

  • The most valuable single car was a new Mercedes G550 Brabus that sold for $302,000

Collector car auctions are always full of enthusiasts who want to get their hands on one of their dream cars and Mecum is one of the leading companies in that domain.

On the 15th and 16th of October 2021, the Mecum collector car auction took place in Chattanooga Tennessee, the first to be held there.

543 cars were offered up to auction and a high 84% of them where sold. Mind you, buyers have to be quite well-heeled to place a bid, since many of the cars sell for over US $100,000.

The most expensive single vehicle sold during this event was a 2021 Mercedes-Benz G550 Brabus Edition that changed hands for US $302,500.

4 of the 10 most expensive cars where Chevrolet Corvettes of the C1 and C2 generations, the second most expensive car being a white C1 that sold for US $264,000. In third place was a silver C2 Corvette, which commanded $214,500, in fourth place was a Yellow 1968 Shelby GT500KR convertible, one of only 47 ever made, for the sum of $176,000.

Fifth place was again a C1 Corvette, this one bringing in $170,500 and it was followed in sixth place by a red 1970 Plymouth Cuda which sold for $165,000.

Seventh place was occupied by a blue C2 Corvette priced at $159,500. Eight place was taken by a silver 1955 Chevrolet Bel Air, with a value of $148,500 and in ninth place was a red 1967 Chevrolet Camaro RS which was bought for $143,000.

Interestingly, the top ten was rounded out by a 2021 Ford Bronco First Edition. The blue two door 4×4 attracted bids up to $137,500. Considering the Bronco First Edition has a starting price of $56,915 in the US, this truck has gained more than $80,000 in a few months.

This is a good sign for buyers who chose a First Edition truck in the hopes it would become collectible.

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