6 Who bought the Bullitt Mustang at the Mecum auction? A separate area deals with financing. The other thing is come to an auction [before buying] and practice bid in your mind. Toyota Camry. His father sold Studebakers and Packards at Mecum Pontiac Buick in Marengo, Illinois and he passed down his passion to his son. The Amazon founder and billionaire was with partner Lauren Sanchez and famous friends, Kris and Kendall Jenner. While touring Mecums temporary office at Osceola Heritage Parkall their offices are temporary, breaking down, moving, then being reconstructed at the next venuetheres a sense that everything has been streamlined to the maximum. The top 20 deadliest cars: the full list Rank Make Total fatal crashes 1 Ford 10,845 2 Chevrolet 7,718 3 Honda 5,079 4 Toyota 4,734. Even if the guy you take with you knows nothing about cars, it helps to have someone who is on your side and you can talk to. Our core business has always been sales commissions. His money was earned as a result of his enthusiasm for automobiles. Mecum Auctions, which he started from his dining room table, is a vehicle auction firm he created. They have nine grandkids between them. 1954/1959 Ferrari 0432M. Dana Mecum, founder/president, Mecum Auctions (Photo: Jason Brant), The era I come from, everyone had gas and oil in their veins. Everything You Need to Know, Samuel Bower Age, Family, Girlfriend, Brother, Laney Beville Hayes Age, Wikipedia, Kids, Daughter, Net worth, Family, Height, Birthday, Bio, Bachelor in Paradise: Who is Alexa Caves? Mecum and his wife, Patti, have four sons together and nine grandchildren. The Mecum Auction Company is now the largest antique, vintage, and collector car and motorcycle business in the world. It is, however, incorrect information, and the businessman is still alive. Otherwise, the crowd quits bidding on that collection because they think the seller isnt serious. he also gained the title of Assistant to Dana Mecum. WebGus grew up in Chicago and today resides in Huntley, Illinois, with his wife, Dana, and their two sons, Dylan and Ryan. Everything is a work in progress, and there is always room to improve. Recently news about the businessman Dana Mecum surfaced on the internet. Generally, the seller pays this fee, which is used to cover the preparation of the HOA paperwork and the registration of the new buyer as the owner of the property. The auction house competes with Barrett Jackson, but The TV presenter said, All credit to my wife, who agreed to move when our daughter was five weeks old and our son was 3, and that is a massive undertaking, to Ross King during an appearance on ITVs Lorraine. Theyve seen the world and are happy in their marriage. "My wife and I go to (Mecum) auctions all over the country," Hovas said. Meanwhile, the plane is delayed an hour for some other reason, and finally they let me on. Thats a big concern. In the last 10-15 years, he started using a tablet on the auction block that keeps him up to the second on the auction price. Lake Geneva, Wisconsin (WI), US. There was also a 1955 Imperial convertible, a 1963 Chevrolet Corvette Z06 and a 2005 Ford GTMecum Kissimmees top 10 were all over the place and in no way suggested any sort of identifiable trend. The original Multipla invented its own class back in 1956. Kansas City, 700. They say I have to go back to ticketing and come through security again. In fact, one of the GTOs up for sale is so dear to Mecum that its sale comes with a stipulation: If the buyer ever decides to sell, it has to go back to Mecum. I was a control freak, and around 1999 I got sick and had to let go and let other people do things. His father was the largest fleet dealer in the U.S. at one time. At Schaumburg, you could have bid on a 1996 Ford F-150 pickup or, for you ice hockey aficionados, a 1992 Zamboni. It was observed that if the lake next to the auction complex wasnt there, imagine how much more room thered be! The company is significantly influenced by the entire family. Compare it to other Mecum Auctions: Chicago, 1000 cars. Dana Mecum's GTOs. Dana Mecum, the founder and president of Mecum Auctions, is selling off a handful of stunning, low-mileage muscle cars from his personal collection next month. Is Your Leadership Style More Steve Jobs or Elon Musk? We know Mecum Kissimmee works, but we hung around backstage to learn how and why. Mecum will also quote you for vehicle transportation to the auction site if you desire. Included in the offerings are classic and collector cars, antique motorcycles, antique farm tractors and auto memorabilia. These things have helped him get to where he is now one of the richest people on Earth. Send us a note: tips@thedrive.com. What percentage does Mecum Auctions take? I can leave home in the morning, call on a piece of business, and be home for dinner, a trip that used to take three days on the airlines. When the Bullitt came out of hiding, still banged up and rusty, it broke Mustang sale records with a final sale price of $3.74 million, which includes the buyers and sellers fees. He amassed his fortune thanks to his passion for cars. In 2014, we sold a 1964 Ford GT40 [prototype] for $7 million. Mecum Auctions also boasts the most auction locations in the United States and the largest number of sales of any automobile auction company in the United States. Magers, a former insurance executive, They are driven by their passion. Inside and in adjacent circus tents sit 795 carseverything from a much-coveted 1937 Cord to a much-maligned 1976 Ford Pinto. An upgraded online sales platform added in January has been saving its bacon. Provide frequent detailed updates on progress. Because if you ever try to sell something you dont like or dont know anything about, youre going to have a hard time. So I had these 40 and 15 of my own and decided to have an auction. It unfortunately ended in disaster when the auction was hit by a freak storm that included 90mph winds. Franks reported annual income is about $100 149,999; with a net worth that tops $100,000 Its owned by American The 2015 Mustang had a total of seven recalls placed on it. In 15 years, the Mecum Auction Kissimmee has become the largest auto auction in the world. All rights reserved. After the death obituary of Danas friend Bill Grams, some internet sites also stated the death of the auction enterprise owner Dana Mecum. What is the buyers fee at Barrett Jackson? They have nine grandchildren. I always handle the search for capital partners just like a job interview. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Since then Dana has changed 2 companies in the same role. Later in life, I realized how profound that simple statement was. Weve got nine grandkids, and we like to go places. Besides, Ive got a great pilot who really watches expenses. Maybe in three years or so Id buy one, but that wouldnt be for business. You did something unusual in a family-owned business in that you hired an outside CEO. Dana and Patti currently live in the Geneva Lakes area of Southeastern Wisconsin. How about a 2008 Pontiac Solstice GXP for $6600? The models had scores of 1 out ofumer Reports. However, the brand recognition and strength in the marketplace was not representative of the success of the business. You dont have to own them to enjoy them, Mecum answers. 1970 Plymouth Cuda Convertible Pilot Car. The recession put a lot of those people out of business. Were in the air two or three days every week. So you got over your concerns about the economics of aircraft ownership? WebThe businessman Dana Mecum is a married man. Copyright 2023. Dana Mecum Net Worth: Dana Mecum is an American businessman who has a net worth of $45 million. More than 30 years ago, when Dana Mecum started his eponymous auction company at his dining room table, he might not have pictured the current combination of in-person and virtual bidding, but it has helped them grow tremendously. Dana, Ive been coming since 1988, says another. Mecum Auto Auction, which is currently televised on Discovery HD Theater, was founded by his passion for vehicle collectibles and muscle cars. The company hosts various auction events across the United States. John also knows what the future holds for the current Dodge lineup. Mecum Auctions also boasts the most auction locations in the United States and the biggest volume of sales of any car auction company in the United States. Articles may contain affiliate links which enable us to share in the revenue of any purchases made. Most public auctions will put these sellers at the beginning of the sale because, on average, they offer the best inventory and the most reasonable selling prices. They have four sons all of whom are active members of the Mecum team. Ask what your potential financing partners bring to the table that will benefit the organization besides just dollars. Growth requires change, and change is difficult for people. Jan 11th 2021 at 5:45PM. Their new business model was housing their cars in low-cost warehouses and bringing them to public auction. 1962 ex-Phil Hill Ferrari 250 GTO sells for world record $48.4m! | Never miss an article, [Editor's Note: This article originally ran in the January 2020 issue of Classic Motorsports and references events that have alreadyhappened.]. Honda usually falls at the top of the list of most reliable cars. While selling and buying at auction seem simple, there are, of course, fees and commissions involved. The most valuable of the bunch is a 1971 Plymouth Hemi Cuda Convertible with an estimated going price of $5,750,000 to $6,500,000. Lot F120. Patti Mecum is his wifes name. 1952 Allard J2 Roadster. For generations of Americans who came of age with octane in their blood, a Mecum event is more than just a car auction; its a bucket-list item. And if that formula works, he said, I certainly have no plans to change it.. Mecum Auto Transports service isnt overnight, but the prices are reasonable. The dealers that survived that period turned into sellers at our auctions. Houston, 1000. You don't need to know and be an expert in everything. We sold Steve McQueens Porsche for $2 million. Dana, a businessman, is married. 2023 WikiBiography.in | All Rights Reserved, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on Skype (Opens in new window). How much did the Bullitt Mustang sell for at Mecum auction? Business Jet Traveler is a publication of AIN Media Group, Inc., 214 Franklin Avenue, Midland Park, NJ 07432. Dana Mecum Death - Obituary - Dead - Cause of Death News . | 8 steps to mechanically inspect that potential purchase, 5 one-off auctions to watch | 2022 Monterey preview, Buying and selling classics in the days of COVID and beyond, Bid Garage Launches a New Way to Buy and Sell Collector Vehicles. It has changed quite a bit since pencil and paper, but the auctioneers cadence remains the same. The businessman is alive and healthy. Over the last 60 years our prices have gone up for four or five years, then theyve stabilized, then theyve gone down for a few years, then theyve gone back up [to a new high]. Born in Monmouth, Illinois, in 1954, Dana Mecum was the son of famed fleet salesman Edward Mecum. Dana and Patti currently live in the Geneva Lakes area of Southeastern Wisconsin. I still have it. Over the last five years, weve been selling more collectionspeople with 15, 20, 30 carsand those are the people we are getting to with the plane. According to the man who restored the car and brought it to the 2017 Milwaukee Concours dElegance, it is Dana Mecums favorite racing car. Money isnt as important as quality of life. See the age? If you continue to use the site, we will assume that this suits you. Copyright 2023 Entrepreneur Media, Inc. All rights reserved. His enthusiasm for automobile collectibles and muscle cars inspired him to start Mecum Auto Auction, which is presently broadcast on Discovery HD Theater. It hadnt been seen in 40 years, Frank said. Were really a family Porsche Carrera GT. In more recent years, Mecum has branched into collectible farm tractors, motorcycles, and road art. My wife asked me what I was going to do. Wiki, Bio. Audi RS2. Dana Mecum saw that. By far. The lesson, we suppose, is that moving a mountain isdifficult. Thats a challenge if you do business in just one state, but since Mecum cars and buyers come from all over the countryand, we learned, some states are a whole lot easier to work with than othersexperience pays off.
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