Mecum Chicago 2021
United States • 21st Oct 2021
Auction Results & Market Analysis
Image Source: Mecum
£6,171,374
TOTAL SALE VALUE
309
TOTAL LOTS
HIGHEST SALE
£182,751
SELL THROUGH %
83%
AVG SOLD PRICE
£19,972
How did the auction perform?
Mecum delivered £6,171,374 in sales (inc. fees).
Of the 309 motor cars offered, the sell-through rate was 83%.
Average price of cars sold was £19,972.
What was the most expensive car sold at [Event Name]?
The "Star of the Show" was undoubtedly the [TopSaleYearMakeModel], which crossed the block for [TopSalePrice].
This particular car was estimated at [TopSaleEstimateRange], meaning it sold [XX%] [Above/Below] its high estimate. This sale represented [XX%] of the entire auction's total turnover.
What was the most expensive car sold?
"2012 Chevrolet Corvette C62 Custom Convertible", which crossed the block (inc. fees) for £182,751.
This sale alone represented 3% of the auction's total turnover.
Well sold? Lots that exceeded their estimates by the largest percentage
While the headlines often focus on the top-tier sales, the Mecum Chicago 2021 also featured several entry-level opportunities.
The lot sold for the lowest hammer price was the "1997 Jaguar XJ6", which changed hands for just £1,624. For enthusiasts looking to enter the market, these lower-value lots often represent the most accessible way to start a collection.
Well bought? Lots that sold under their estimates by the largest percentage
With a sell-through rate of 83%, the Mecum Chicago 2021 saw incredibly high demand across the board.
While most lots found new owners, the few that didn't meet their reserve often represent a 'second chance' for collectors. Keep an eye on the unsold inventory for potential post-auction negotiations and off-market opportunities.
Price vs Estimates
See how final prices compared to auction estimates.
The Top 10
See the top 10 most expensive cars to sell in the auction
Why this article was created
At The Classic Valuer, we maintain one of the world’s largest independent databases of collector car transactions, tracking over $20bn in sales across 40+ global houses.
This summary provides an immediate analysis of 309 listings, comparing auction estimates against our own independent valuation models.
Looking for deeper model-specific insights? If you are researching a specific car from this event, such as a Chevrolet, click below to access our full Model Price Guides. There, you can analyse decade-long price trends, see every historical sale, and use our valuation tools to calculate the true market value of your next acquisition.
How this article was created
This article was created by looking back analysing the catalogue of the Mecum Chicago 2021 against our historical database dating back to 1985. We've scanned over 40 auction houses and results from over £20 billion of sold cars around the world to provide context for this Chicago 2021 preview.
The Classic Valuer uses proprietary data and analytics to generate these insights at scale. For further information regarding specific lots like the "2012 Chevrolet Corvette C62 Custom Convertible", please visit the price guides linked below.
About The Author
Giles Gunning
Giles is CEO of The Classic Valuer - one of the world's largest databases of sold collector cars in the world going back over 30 years covering over 13,000 models. Giles and The Classic Valuer are regularly referenced in key motor publications including Classic & Sports Car.
Giles grew up around the iconic historic motorsport venue at Goodwood and enjoys his 1972 Alfa Romeo 1600 GT Junior or 1960 MG A Roadster around the Sussex roads. His primary car goal is to purchase back a selection of his grandfather's car's including his 1931 Riley Brooklands.