$66 Million Worth Of Extraordinary Cars Sold At Auction Including This Stunning Ferrari

Mar. 26, 2022 7:22 AM ET by Sebastian Cenizo Auctions / 2 Comments

The auction was Mecum's most successful Arizona event yet.

Auctions are big business here in the US, and they're only getting bigger with each passing year. Mecum Auctions is one of the foremost auction houses around and has facilitated the sale of some truly extraordinary metal, including the Porsche 911 seen in the first Bad Boys film and even a one-off 1957 Corvette. This year's fourth annual Mecum Glendale, Arizona auction (March 16-19) saw yet more exciting metal cross the block and more money change hands. In fact, this was the auction house's most successful iteration of the Arizona event thus far, with Mecum reporting a 53% increase over last year's auction for a total of $66.3 million in sales. Many cars helped contribute to this, but one stood head and shoulders above the rest.

The car you're looking at here is a Ferrari Classiche-certified and utterly gorgeous 1967 275 GTB/4 that came complete with all documentation and tooling that it left the factory with. It's not 100% original though, having had a full restoration in 2022 and been retrofitted with a hidden air conditioning system. But it was raced at the Montreux Grand Prix in 2006, achieving third place.

Since then, it was refinished in Grigio Ferro and had its cabin retrimmed in Bordeaux leather in 2011. Thereafter, it eventually received its Ferrari Classiche certification and has been exhibited at various concours events. As a result of its rich history and pristine condition, the classic Ferrari sold for an impressive $3.03 million. That made it the most expensive car sold at the weekend, but the runners-up weren't exactly cheap either.

In second place was a 1929 Duesenberg Model J Murphy Convertible Coupe that sold for $2.37 million and a pristine 2005 Porsche Carrera GT with just 182 miles on the clock that fetched $2.2 million. A 2020 Ford GT got fourth place with a sale of $1.1 million, while a Lamborghini Aventador Roadster fetched almost $700k and a Diablo VT Roadster brought in over $330,000. We thought those figures would be switched, but perhaps old Lambos aren't as loved as old Corvettes. The Hooked on Vettes Collection was completely cleaned out of all 13 cars by various buyers, returning a total of $1.5 million. Comically, the same collection's assembly of over 180 large-scale neon signs sold for a total of $1.7 million.

If this auction is anything to go by, the classic car market is certainly on the up. If you have the bank balance to buy something rare and cool, Mecum's Houston auction is up next, from March 31-April 2.