Mecum Houston 2024 Results
Mecum achieved $29.4 million in total sales at their Houston 2024 auction with a sell-through rate in excess of 71%, for a total of 730 vehicles sold over the three day auction. Modern sports and classic muscle cars ruled the day, filling out the Top Ten sales of the auction – and five of those were taken by different examples of the 2023 Dodge Challenger SRT Demon 170!
The most expensive lot sold was a 2008 Mercedes-Benz SLR McLaren Roadster that went for a commanding $357,500. It showed 8,761 miles which is a very respectable number for a car that hasn’t been parked since new, ensuring that 5.4L supercharged V8 was able to exercise all of its 617 horsepower. A well-sold car, one the new owner will likely enjoy for many years to come.
Nearing the bottom of the Top Ten sales, only beating out the 2023 Dodge Challenger SRT Demon 170 that took 10th position, was a 1989 Porsche 930 Turbo Slantnose that sold for $176,000. This is one of only 34 examples of the M505 factory-equipped Slantnose coupes produced for North America that year and included a Certificate of Authenticity from Porsche showing it to be a numbers-matching car equipped with the G50 five-speed manual transmission and an electric sunroof.
This is a car we mentioned previously as worth watching since it was stolen from a dealership when it was new and only recovered after the insurance paid out, thus leaving the car with a salvage history. While that may prevent this car from ever being worth the same amount as it could be without the salvage history, for an enthusiast who just wants a great car to drive there’s nothing wrong with it and compared to the price of a 930 Turbo Slantnose with a clean title, this is practically a steal.
Previewing Mecum Indy 2024
Mecum’s next major auction will be Dana Mecum’s 37th Original Spring Classic at the Indiana State Fairgrounds May 10-18. They expect to offer more than 3,000 vehicles for sale alongside plenty of automobilia and lots of other fun activities for the whole family to enjoy. A variety of collections will be offered for sale and the Frank Micoli Collection has a few cars worth a closer look.
Being offered with no reserve, this 1969 Ford Mustang Boss 302 Fastback has quite the history. It was bought new by Chrysler, as documented by its original bill of sale, and was reported used to help develop Chrysler’s AAR Cuda and Challenger T/A models. It includes an Elite Marti Report and a build sheet showing it was equipped with power steering and power brakes with front discs when it left the factory. Mecum estimates this will sell for $100,000 – $130,000.
It wouldn’t be a major Mecum auction without some supercars and this 2021 Ferrari 812 GTS fits the bill just right. Finished in Nero with a Tan leather interior, complete with Daytona-style seats, this prancing horse has covered just 60 kilometers since new. It’s powered by a 6.5L V12 that’s paired with an automatic transmission and features a retractable hardtop. Capable of going from 0 to 60 mph in under 2.9 seconds, Mecum estimates this 812 GTS will sell for $600,000 – $700,000.
This 1964 Ford Galaxie 500XL is one of the rare examples equipped with the R-Code engine and is being offered with no reserve. This car was special-ordered by a Supertest gas station owner in the Toronto-area specifically for use in drag races. He competed in 1964 on his own and in 1965 teamed with Barry Poole and set a B/Stock Canadian National Record with the car. The car benefits from a restoration that was completed in 2001. Mecum estimates this will sell for $70,000 – $80,000.