The Mecum Monterey Auction 2012 was held August 16-18 at the Hyatt Regency Monterey Hotel and Spa in Monterey, California, resulting in sales expected to exceed $34 million once final figures including “Bid Goes On” post-auction sales are tallied. The results represent an increase of more than 65% over last year’s figures.
Top sale at the 4th annual Mecum Monterey sale went to the Can-Am Championship-winning 1972 Porsche 917/10 Spyder at $5,830,000.
Throughout the three-day event, Mecum sold a total of 30 Porsches, which contributed more than $10 Million to the weekend totals. Each day of the auction saw a standing-room-only audience as Mecum led the way in Monterey with sales figures by volume for a total of 364 vehicles sold.
Other notable results at the 2012 Mecum Monterey sale included the 1908 Simplex 50 Speedcar Roadster, the oldest Simplex known to exist, that sold for $2,014,000, the 1972 Ferrari 365 GTB/4 Daytona Spider, with only 21,185 miles, that brought $1,113,000, the 1974 Porsche 911 RSR IROC that fetched a strong $927,500 and the 1973 Porsche 911 Carrera RS Lightweight that made $498,200.
Dana Mecum, President and CEO commented, “It’s great to see such incredible growth for a young sale like our daytime auction in Monterey which is only in its 4th year, and I’m happy that our team was able to produce great results for our customers.”