DO ECONOMIC HICCUPS have everyone aflutter? Not in Vegas, man. Another Sin City car auction, another record: Mecum’s extravaganza in the North Hall of the Las Vegas Convention Center in November 2022 took in a house-record $27.5 million over three days. This trampled their previous Vegas high by more than $2.25 million and topped the 2021 event by a whopping $5.2 million. Las Vegas in November isn’t nearly as sweltering as it is in, say, July... but clearly the action on the car auction block is plenty hot.
Timing may be key to the house’s success: Mecum holds two annual events in the Southwest: this one in November and another in Glendale, Arizona — just 300 miles away — in late March. With two events in relatively close proximity, it makes sense that they’re staggered roughly half a year apart on the calendar. The result? Record sales at both of Mecum’s events in the region this year.
With 796 lots available at the three-day event, the 205 not-sold cars made for a fairly healthy 74.25-percent sell-through.
