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Auction Recap - Mecum Monterey 2016


#1

Mecum Monterey was, like many of the sales on the Monterey Peninsula this year, interesting to watch and noticeably different from previous years. Despite a surprisingly low sell-through rate and a lack of energy in the room at times, Mecum saw a significant increase in the total sales value over last year as well as a jump in both average and median sales prices. This is mostly thanks to this year’s consignment of a large group of modern exotics. Mecum concluded its annual Monterey sale at the Del Monte Golf Course in Monterey with $47.1 million. 306 vehicles sold out of the 698 offered for a sell-through rate of 44 percent and an average sale price of $153,880. In 2015, Mecum achieved $44.6 million, despite a much healthier 58 percent sell-through rate and only 40 fewer cars offered.


This is a companion discussion topic for the original entry at https://www.hagerty.com/articles-videos/articles/2016/08/25/auction-recap-mecum-monterey-2016