Mecum Auctions Founder to Sell His Collection of Pontiac GTOs in Do you remember me? Mecum not only remembers, he recalls where they first met. I got a Citation Ultra in 2011 and moved up to an Excel in 2015. Otherwise, the crowd quits bidding on that collection because they think the seller isnt serious. Dana Mecum Death Hoax Debunked: Is He Dead Or Alive? They have nine grandchildren. It had been rumored it was here or there or crashed.. The collection includes some rare, desirable, and low-mileage GTOs. Ferrari F40. She was united in marriage to the late Edward L. Mecum Sr. on December 26, 1951, and the two were married for 66 yea read more Print Dana and Patti currently live in the Geneva Lakes area of Southeastern Wisconsin. We started our own transport and financing businesses. In addition, theres Mickey Thompsons 1968 Bonneville Streamliner that Thompsons son, Danny, drove 448.757 mph; one of the 11 original Eleanor 1967 Ford Mustangs; and a 2019 McLaren Senna with 203 miles, the second of 500 built. He always tanks up where fuel is cheap. The Mecum Auction Company is the worlds largest auction house for antique, vintage, and collectible cars and motorcycles. Lot S99. Business Jet Traveler is a publication of AIN Media Group, Inc., 214 Franklin Avenue, Midland Park, NJ 07432. The point being is that you will never get it exactly perfect the first time. The company, based in Walworth, Wisconsin, is the world leader in the number of collector automobiles presented at auctions, the number of collector cars sold at auctions, and the host of the worlds largest collector car auction, held every year in Florida. How much do Barrett-Jackson Auctioneers make? Through perseverance and with a deep passion for the industry, he has since grown the company into a thriving enterprise. Mecum understands diverse tastes and does not discriminate. During the winter, you have snowbirds who come here to live for several months a year and can, after all, afford two homes; you have families from the Midwest who come down to vacation, and you have a large endemic demographic of retirees and residents who like cars, and likely have some money to spend onthem. Mecum was in the middle of an auction at State Farm Stadium in Glendale, Arizona, in March of 2020 when the world came to an abrupt stop. Save my name, email, and website in this browser for the next time I comment. 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. As for commission, the lowest rate is 6% of the sale price if there is no reserve; Mecum, like all auction houses, prefers the no-reserve route. In 2008, before the banking debacle, 80 or 90 percent of our business was car dealers who would buy from us and then resell from little retail lots and in trader magazines. Maybe the buyer, for instance, offers a vehicle as a partial trade and the seller takes it-a detail that really cant be addressed during the actual auction. I watch you on TV all the time, says a third attendee. Lot F121. Entrepreneurs do what they do because they have a passion for it. What is Frank Mecum net worth? IronSet Rare does not necessarily mean valuable. Also know about Dana Mecum bio, salary, height, age weight, relationship and more Dana Mecum Wiki Biography Dana How did you get into this business? If theres no one in the audience, you can have a $30,000 bid and the guy wont sell. Mecum drove his mother's GTO a bit when he was 16, before eventually owning a '66 GTO convertible of his own. Mecums net wealth is largely derived from his car auction enterprise, Mecum Auction. (B) Should Buyer default upon his purchase in any manner, for any reason, Buyer agrees to pay Barrett-Jackson the full sum of both the buyers premium 15% of sale price live (17% absentee/internet) and sellers commission (15% of sale price). When did you start flying privately? If they are, its easier to get them to a decision. They have four Of recent note, the most significant challenge we have had as a live event company was, of course, the pandemic. It's about building something and creating a legacy. As a result, the Mecum Auction Kissimmee will continue to grow. So, what will be on the Mecum Kissimmee block for 2020? A separate area deals with financing. The business is going to grow and change. Webdana mecum lake geneva house dana mecum lake geneva house Auction executives credit founder Dana Mecum with identifying Florida as a key state. The other thing is that now we have two business models. The other thing is come to an auction [before buying] and practice bid in your mind. His father owned a Pontiac dealership in Marengo, Illinois and later resold Avis rental cars. The consent submitted will only be used for data processing originating from this website. They welcome adversity and challenge. Compare it to other Mecum Auctions: Chicago, 1000 cars. I was looking at King Airs, but a friend told me I should really be looking at a jet. Courtesy of Mecum Auctions, Inc. Dana Mecum, the founder and president of Mecum Auctions, is auctioning off several What made you decide to buy the Ultra? He also edits and writes articles for the IronSet blog where he shares his experiences. Since then, she has left the spotlight and is now a show creator for businesses in Los Angeles. Dana and Patti currently live in the Geneva Lakes area of Southeastern Wisconsin. Shirley Jean Mecum The company is significantly influenced by the entire family. Inside and in adjacent circus tents sit 795 carseverything from a much-coveted 1937 Cord to a much-maligned 1976 Ford Pinto. Top 250 Movies Most Health Update. The businessman Dana Mecum is a married man. We and our partners use cookies to Store and/or access information on a device. Dana Mecum (PHOTO: Jason Brant), Ive seen it a thousand times: a guy turns down the best offer hell ever get because there arent enough people in the room.. Dana Mecum is the CEO of Mecum Auctions, one of the industrys most well-known collector car WebDana Mecum's house. Frank says they bolstered absentee sales through the new internet system, adding more tech staff and beefing up online descriptions. Friday marks the start of Dana Mecums 33rd Original Spring Classic Auction. Lately, his popularity is flying in the sky. Cars of his youth never grow old Although Mecum was one of the largest in the collector car auction business, it was not the most recognizable brand. After the death obituary of Danas friend Bill Grams, some internet sites also stated the death of the auction enterprise owner Dana Mecum. We welcome all corrections and feedback using the button below. 6 Who bought the Bullitt Mustang at the Mecum auction? His money was earned as a result of his enthusiasm for automobiles. 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. In addition to the entry fee, Mecum Auction charges a commission for sellers. 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. Analysts include John Kraman, who usually shows up early to help set up the broadcast; racer/writer Stephen Cox; and automotive and drag racing guru Bill Stephens. A nice 1962 Ford Fairlane once owned by NASCAR star Bill Elliott, and used in a TV commercial for NAPA with Elliott, son Chase and Dale Earnhardt Jr.? Thanks to television, the auctions reach a wider audience, providing 600 hours of annual programming on NBCs Sports Network, where the events draw more viewers than anything except Europes Premier League football. Among many other things, we moved our TV programming to NBCSN to extend our reach to viewers outside of the traditional, hardcore car people. His father had a Pontiac dealership in Marengo, Illinois and later resold Avis rental cars, becoming the nations largest fleet dealer before getting wiped out by high interest rates in the 1980s and later recovering. Lot F140. Mecum Indianapolis Kraman hired on with Mecum in 2006 to help Dana take the company to the next level, he said. The confusion began when an obituary was run of his deceased close friend, Bill Grams, and media outlets began mistakenly reporting Mecum as deceased. We were ready to shift gears and move to a mobile company on the fly.. The number currently linked to Frank is (319) 524-6331 (Qwest Corp). Mecum Dana Mecum, founder/president, Mecum Auctions (Photo: Jason Brant), The era I come from, everyone had gas and oil in their veins. In 2017 alone, Mecum handled 20,000 consignments, generating upwards of $400 million. Whats the rarest car youve auctioned? Barrett-Jackson Auction employees rate the overall compensation and benefits package 2.2/5 stars. As part of Mecums philosophy to keep everything it can inhouse, the company has a fleet of about a dozen 18-wheelers that both transport vehicles to the auction and, upon request, deliver them to the new owners. Dana Mecum Death | Obituary | Dead | Died | Funeral Plans - It is with great sadness to announce the passing of Dana Mecum. Since 2011, it has been headquartered in Walworth, Wisconsin. Mecum remains a family-owned company with Dana, Patti and their four sons all actively filling roles in the company today. We launched a full-feature magazine. In southeast Wisconsins Geneva Lakes area, Dana and Patti reside. He said, You know, youre going to lose a lot of money, and I said, Yeah, but Im going to get a lot of sleep. So a guy from North Carolina shows up with 40 collector cars and I traded him the rest of my trucks for the cars. Personal: Lives in Lake Geneva, Wisconsin, with wife Patti. We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023. The business was started in 1988 by Dana and Patti Mecum around their kitchen table in Marengo, Illinois. The entire family is heavily involved in the business. Mecum Auctions also has the most auction sites in the United States, and does the highest volume of sales domestically of all car auction companies. We sold Steve McQueens Porsche for $2 million. What was your thinking? Mecum Auctions' Dana Mecum | Business Jet Traveler What is the buyers fee at Barrett Jackson? At one point, someone offered to buy him out. Where Is Julia Carey Going After Leaving The Late Late Show? He had a pretty good reason. The series takes a behind-the-scenes look at Mecum Auctions, America's biggest collectable car auction facility. Seller checks are then mailed within 5-7 business days. But, whispered a Mecum executive, I really like the sound of4000.. Mecum Auctions, which has been in business for over 25 years, had its inaugural auction in 1988 at the Rockford Airport. Scottie Barnes Mother: Everything You Need to Know, On Instagram, who is @1800savemary, also known as Mary Magdalene? Jan 11th 2021 at 5:45PM. Nine out of 10 attendees will not bid; rather, they come just to ogle at precious metal and recall a youth long past. Dana Mecum When looking for financing, make sure you are clear in your description of your vision, what you intend to accomplish, how you intend to get there, and what the result of your efforts will be. At Mecum Kissimmee, it costs between $350 and $1500 to auction a car, depending on the placement of the car in the auction lineup and how its presented in the catalog. The 2020 Mecum Kissimmee auction will sell cars for 11 straight days. Indeed, his wife, Patti, works the auctions, as do their four sons. And there was also Dana Mecums 1965 Ford GT Competition Prototype roadster, the only GT roadster to race at Le Mans, where Ford of France fielded it in 1965.