Mecum concluded its inaugural Portland auction on Sunday with $8,999,925 in total sales. 286 lots sold out of the 480 on offer, which means a 60 percent sell-through rate and an average price of $31,468. On Mecum’s calendar, this sale effectively replaced the Seattle auction, last held in 2015, as the biggest collector car auction in the Pacific Northwest. For comparison, last year’s Seattle sale achieved $9,316,080 in total sales and a slightly higher average price at $34,000. Almost 100 more vehicles were on offer last year in Seattle, but Mecum actually sold 10 more vehicles in Portland because Seattle’s sell-through rate was a fairly low 47 percent.
This is a companion discussion topic for the original entry at https://www.hagerty.com/articles-videos/Articles/2016/06/21/Auction-Recap-Mecum-Portland-2016