Mecum Auctions, Houston, Texas, April 17-19, 2015
That’s how many dollars worth of collector vehicles Mecum Auctions has sold since its first auction in Houston in 2012. Mecum did it by selling 2,588 lots with an average transaction value of $39,321.
It is a remarkable achievement, from nothing in 2011 to three Texas sales a year in 2015, Houston in spring, Dallas (also since 2012) in September and Austin (new in 2014) in December. The three Mecum auctions in Texas in 2014 racked up just shy of $80 million in transactions.
The ‘Top Sale’ data is added because of its influence on the dramatic sale total in 2014 with the sale of Ford GT 40 s/n GT/104. Take it out and 2014 is a $25 million sale consistent with 2013 and 2015. The average transaction would drop over $11,000 to $37,579. A big transaction can seriously skew the way the numbers appear.
2015 is probably about the optimum result for Mecum Houston. 900 cars is about all the venue can accommodate comfortably and this is only a three-day event, an average of 300 lots/day (not including Road Art automobilia.) It is significant that the median transaction in 2015 was up substantially from prior years, attesting to better consignment quality.
Mecum has, as its Houston results show, awakened the collector car market in Texas. It is an extraordinary accomplishment.
[Andrew C. Newton provided the on-site observations for Mecum Houston; the editor is responsible for their translation and comments in these reports.]
Mecum Houston 2015 – Auction Report