Mecum Indy Auction Hits Record Sales

Posted: Updated:
The Keith Busse collection of Corvette Indy 500 pace cars was the second highest-selling lot at the auction. (photo courtesy Mecum Auctions) The Keith Busse collection of Corvette Indy 500 pace cars was the second highest-selling lot at the auction. (photo courtesy Mecum Auctions)

The Mecum Auction's annual Original Spring Classic event at the Indiana State Fairgrounds set a record. The organization says overall sales grew 24 percent from the previous year, generating nearly $70 million. 

Mecum says 1,406 vehicles were sold at the auction with the highest-selling vehicle being a 2017 Ford GT that sold for $1.8 million. The Keith Busse Corvette Pace Car Collection was sold in its entirety for $1.8 million, followed by a 2011 Ferrari 599 GTO, which sold for $561,000.

"Sales totals have increased by more than 20-percent for each of the past two years of our Spring Classic auction, and just halfway through 2018, Mecum’s growth across the board has already proven to be exponential with similar increases occurring at several of our other annual auctions as well," said Consignment Director Frank Mecum. "It’s truly an exciting time to be a part of the collector-car community."

The top 10 sales from the event include:

  1. 2017 Ford GT at $1,815,000
  2. The Keith Busse Corvette Pace Car Collection at $1,760,000
  3. 2011 Ferrari 599 GTO at $561,000
  4. Kookie's Kar at $484,000
  5. 1969 Ford Mustang Boss 429 Fastback at $423,500
  6. 1967 Chevrolet Corvette N03 at $418,000
  7. 1966 Chevrolet Corvette N03 at $412,500
  8. 2006 Ford GT at $396,000
  9. The Golden Sahara II at $385,000
  10. 1967 Chevrolet Corvette Coupe at $385,000

Mecum says the auction finished a strong sell-through rate of 76 percent. 

  • Perspectives

    • Digital Personas: Getting to a Segment of One

      Creating a digital persona means using data, machine learning and networked devices so a business can tailor messages and experiences to specific kinds of buyers and users. It sounds like a marketing unicorn, but it’s closer than you might suspect, thanks to the potential of digital personas. The ultimate goal of a digital persona is to achieve the marketer’s dream: a segment of one.



Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • DePauw University ranked No. 20 on list of Best "Colleges"

      Small Indiana Colleges Rank High Nationally

      Indiana has two institutions of higher learning, with intentionally small enrollments, that rank in the top 30 in the nation for an overall experience.  The personal finance website, WalletHub, conducted a survey of what it calls the 2020 Best College Ranking. 

    • (photo courtesy of Indianapolis International Airport)

      Indy Airport Showcases New Retail Offerings

      Indianapolis International Airport is celebrating the opening of the first wave of new retail offerings. The new stores are part of the airport's multi-year Concessions Refresh initiative, which aims to bring a greater mix of nationally-known brands, such as FAO Schwarz and Vineyard Vines, with more local offerings, including Natalie's Candy Jar and Fountain Square Market. In all, nine new retail stores opened Tuesday morning. In an interview with Inside INdiana Business...

    • Transpo is South Bend's municipal bus system. (photo courtesy of Transpo)

      South Bend Launches Free Fare Program

      The city of South Bend has launched a new initiative to help a select number of residents who don’t have reliable and easy access to transportation get to work. The program is called Commuters Trust. 

    • Photo provided

      Stone City Products Invests $2 Million in Expansion

      Bedford-based manufacturer Stone City Products is expanding. The $2 million, 30,000-square-foot project could result in a weekend shift, adding jobs as product lines increase. 

    • The IU School of Informatics, Computing and Engineering will now be named for Fred Luddy for his $60M gift. (photo courtesy James Brosher/IU)

      $60M Gift to Fund AI Center

      An Indiana University alumnus who founded the information technology firm, ServiceNow, has given his alma mater $60 million to establish an artificial intelligence center. The university says the gift from cloud-computing pioneer Fred Luddy is the second largest in the history of the IU.