Mecum Auctions finished its third annual sale in Houston, Texas, April 10-12, 2014. Although fewer cars were sold this year compared to last, Mecum still brought in more money with $32M in sales compared to $25M in 2013. The average sale price jumped by 44% year over year as well, mainly due to a 1964 Ford GT40 prototype coupe selling for a massive $7,560,000, including buyer’s premium. This car had a well-documented race history and ownership, and previously sold at auction in 2012 for $4,950,000 after a meticulous restoration.
This is a companion discussion topic for the original entry at https://www.hagerty.com/articles-videos/articles/2014/04/24/2014-houston-sale