In existence for more than 25 years, Mecum Auctions hosted their first auction in 1988 at the Rockford Airport. I was a control freak, and around 1999 I got sick and had to let go and let other people do things. The selection of cars eight Pontiac GTOs spanning from 1964 to 1970 will cross the auction block at Mecum's Indianapolis sale from July 10 through July 18. So enjoy what you are buying and know something about it. 1970 Plymouth Cuda Convertible Pilot Car. Articles may contain affiliate links which enable us to share in the revenue of any purchases made. Honda usually falls at the top of the list of most reliable cars. In June 2018, the 1964 Ferrari 250 GTO became the most expensive car in history, setting an all-time record selling price of $70 million. Dana and Patti presently reside in Southeastern Wisconsins Geneva Lakes region. Luckily, the buyer balked, because the business has thrived to the point where Mecum can now afford to get around in his own Cessna Citation Excel. Its three hours before show time at the Schaumburg, Illinois Convention Center. It is a great discussion on human resistance to change and how to overcome it. And evidently, Mecum's fondness for GTOs hasn't faded much over the years. Ford Scorpio mk2. Mecum, Theyve seen the world and are happy in their marriage. Dana and Patti currently live in the Geneva Lakes area of Southeastern Wisconsin. Access your favorite topics in a personalized feed while you're on the go. His wifes name is Patti Mecum. Arguably BarrettJackson pioneered the auction-on-TV marketing tool, but Mecum wasnt far behind, bringing in a full crew for the sexiest days of the auction. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media Inc. Dave Magers discusses preserving a great brand's heritage while taking risks to grow its reach. It runs through July 18. Mecum Auctions The Mecum Auction Company is the worlds largest auction house for antique, vintage, and collectible cars and motorcycles. I live by several. Maybe in three years or so Id buy one, but that wouldnt be for business. See the age? Whats the most expensive car youve sold? Often, investments in brands are difficult for an organization in that they require significant up-front funds over a long period of time with uncertain benefits that accrue much later. Mecum will also quote you for vehicle transportation to the auction site if you desire. Dana Mecum Net Worth: Dana Mecum is an American businessman who has a net worth of $45 million. $19,250. "You can never go wrong doing the right thing." Of course, with tremendous growth comes growing pains. The firm, based in Walworth, Wisconsin, is the global leader in the number of collector vehicles 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. And finally, theres the TV package, which helped launch Mecum toward worlds-largest status. 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. Lot F89. The models had scores of 1 out ofumer Reports. The worst thing is to be ready to close a deal with a customer and have to say, Sorry, I have to leave to catch my plane., "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." His father owned a Pontiac dealership in Marengo, Illinois and later resold Avis rental cars. Al Gordon was the first person to drive the car back in 1934. When did you start flying privately? All net worths are calculated using data drawn from public sources. How important has television been to the business? The NBC Sports deal, which was recently re-upped through 2024, includes airings on the Sky network in the United Kingdom and Europe, as well as on NBC here. Today Mecum Auctions is one of the largest antique, vintage, and collector car and motorcycle auction businesses in the world. They are driven by their passion. Mecum Auctions, based in Walworth, Wisconsin, which is southwest of Milwaukee, got its start with a small event at an airport in 1988. I came up from Tennessee to see this and I told my cousin I wasnt leaving until I shook your hand. Houston, 1000. But, whispered a Mecum executive, I really like the sound of4000.. He also edits and writes articles for the IronSet blog where he shares his experiences. Whats the rarest car youve auctioned? Besides, Ive got a great pilot who really watches expenses. Franks reported annual income is about $100 149,999; with a net worth that tops $100,000 Its owned by American businessman and owner of Mecum Auctions, Dana Mecum and wife, Patti. 1954/1959 Ferrari 0432M. They live in the Geneva Lakes region in Southeastern Wisconsin. The entrepreneur is alive and well. Lot F120. And on January 10, the company auctioned off one of two 1968 Ford Mustang GT fastbacks Steve McQueen drove in the movie Bullitt. The car was sold at the Mecum Auctions in Kissimmee, Florida. In todays marketplace, the restorer comes into it as well. Back in 2008 former Top Gear host Chris Evans bought the car for 5.6 million. Long-term we think it will be OK, but the era I come from, everyone had gas and oil in their veins. var _Hasync=_Hasync||[];_Hasync.push(['Histats.start','1,4553220,4,511,95,18,00000000']);_Hasync.push(['Histats.fasi','1']);_Hasync.push(['Histats.track_hits','']);(function(){var hs=document.createElement('script');hs.type='text/javascript';hs.async=true;hs.src=('//s10.histats.com/js15_as.js');(document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(hs);})(); Nowadays, Dana Mecum is the most interesting person to talk about. WebDana Mecum's house. Dana's focus, interest and expertise in the car business comes naturally from his family heritage. 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. However, it is false news and the businessman is still alive. The company is significantly influenced by the entire family. Details about her Age, Family, and Net Worth, Melissa Bumstead Height, Age, Weight, Family, Husband, Brother, Net worth, Why she has been detained? Regardless of whether it be equity or debt, look for a partner that brings something to the table besides just dollars. He and the car later featured in Series 18, Episode 7 of the motoring show before his ill-fated tenure at the helm of the show. Meet the ugliest cars in the world Fiat Multipla. It took me two hours to drive to the airport. The auction house competes with Barrett Jackson, but Mecum says it is ranked number one in the world with number of collector cars offered at auction and number of collector cars sold at auction. Mecum Kissimmee 2021. Health Update. Auction, Finally, my wife, Karen, and I have always lived by the motto, "Leave it better than you found it." Proving that theres no accounting for taste, someone anted up $4400 for it. By They have four boys, all of whom are active Mecum team members. They are nimble and creative. Dana and Patti reside in the Geneva Lakes area of Southeastern Wisconsin. 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.? Share. Registering as a bidder, for instance, costs $100 in advance, $200 the day of the sale. The program features Mecum Auctions founder Dana Mecum and son Frank. Business Jet Traveler is a publication of AIN Media Group, Inc., 214 Franklin Avenue, Midland Park, NJ 07432. Lot F113. When the initial shutdown came down six months ago, it all paid off, Frank Mecum told me. Look out there [at the audience]. 2023 Motorsport Marketing. And its getting bigger. We launched a full-feature magazine. Your email address will not be published. Then I had a flight from OHare. As Chris Harris from Top Gear once said, there are far too many tasteless rich people for it not to exist. I think every employee felt they had input into the process and were invested in our success. 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. We have been very lucky to have several very good debt partners providing fluid corporate credit facilities that are customized to fit our ever-changing unique business and needs. Would you sign his badge? Mecum cheerfully obliges. Dana and Patti presently reside in Southeastern Wisconsins Geneva Lakes region. Did that Chrysler really come with a Hemi engine? Today, people have computers and cell phones in their veins. Which would be, as it already is, just enormous. 2022Recurrent Ventures. | 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. Related: Harlem Pilates Founder: 'It's So Gratifying to Know You're Doing Exactly What You Should Be Doing'. If a seller insists on a reserve, its 10%. It is one of just 12 produced in 1971 and one of only three equipped with the factory A833 4-speed manual transmission. 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. WebYou dont have to own them to enjoy them, Mecum answers. I bought it. Who bought the Bullitt Mustang at the Mecum auction? There are no other seller fees on BaT. The 2015 Mustang had a total of seven recalls placed on it. They have nine grandkids between them. Money isnt as important as quality of life. No matter how much better, how small the improvement, if everyone were to aspire to that motto, the world would continue to improve. McKim was generally believed to have passed away in March 2020. Copyright 2023. Currently, Dana Rare does not necessarily mean valuable. 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. Subaru. However, the brand recognition and strength in the marketplace was not representative of the success of the business. Lot F88. Dana Mecum, the American businessman and creator of Mecum Auctions, has been the subject of significant conjecture in recent years. Many of the cars are sold without reserve, meaning the owner will accept the highest bid, whatever it is. Other annual events include a massive $100 million extravaganza each January in Kissimmee, Florida, which lasts for 10 days and boasts 3,000 cars on show. Included in the offerings are classic and collector cars, antique motorcycles, antique farm tractors and auto memorabilia. "There are worse places to put money than in a collector car," Kramer told me. 1965 Shelby 289 Cobra CSX2588. Mecum is offering up eight of his Pontiac GTOs ranging from the 1964 through 1970 model years, including some rare and highly coveted examples. The commission is 10% of the hammer price if you have a reserve price which applies if you accept the last bid. According to ZoomInfo records, Dana Mecums professional experience began in 2020. Friday marks the start of Dana Mecums 33rd Original Spring Classic Auction. Dana is the president and founder of Mecum Auctions, launching the company from his kitchen table with the help of his wife Patti and a few close friends back in 1988. For years, I thought it was his way of avoiding having to make a decision. We now have limitless entertainment [revenue potential] if we can learn to harness it. Compatible with the iPhone 14, it's just $99.99. I still have it. Kansas City, 700. Lake Geneva, Wisconsin (WI), US. Mecum itself has been the largest auto auction company since 2011. Auction executives credit founder Dana Mecum with identifying Florida as a key state. Toyota is the most reliable car brand according to Consumer Reports, knocking Lexus from its former throne. It is, however, incorrect information, and the businessman is still alive. Pin. Nobody. Buyers pay a 5% fee on top of the final sale price to BaT, with a minimum of $250, and capped at $5,000. The 1968 Bullitt Mustang sells for $3,740,000 at Mecum Kissimmeeures the crown for most valuable Ford Mustang in the world. He has subsequently built the firm into a flourishing corporation through tenacity and a genuine enthusiasm for the sector. We built and launched a new website. In 15 years, the Mecum Auction Kissimmee has become the largest auto auction in the world. 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.. Mecum drove his mother's GTO a bit when he was 16, before eventually owning a '66 GTO convertible of his own. Audi RS2. 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. "My wife and I go to (Mecum) auctions all over the country," Hovas said. The dealers that survived that period turned into sellers at our auctions. 203 likes for a timelessly beautiful car. (Reuters) The 1968 Ford Mustang GT that Steve McQueen drove in the classic car chase from the movie Bullitt, one of the most famed cars from American cinema, sold for $3.4 million at auction in Florida on Friday, Mecum Auctions said. 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. Rolls Royce Cullinan. Dana and Patti currently live in the Geneva Lakes area of Southeastern Wisconsin. [Almost all appeared to be over 50.] Some of our partners may process your data as a part of their legitimate business interest without asking for consent. 6 Who bought the Bullitt Mustang at the Mecum auction? The head of one of the worlds leading auction houses is selling several classic muscle cars from his personal collection take a tour of the vehicles up for sale. Is Your Leadership Style More Steve Jobs or Elon Musk? Mecum and his wife, Patti, are the parents of four kids. In the event of a Wire Transfer, payment may not arrive until the first business day after the auction. If you dont want a vehicle, there are literally thousands of pieces of road art available, though the hammer price of a nice, original, porcelain neon sign can rival that of a car. Jan 11th 2021 at 5:45PM. The mountain declined to move. Cultivate an engaged following online with content recorded by this $150 drone two-pack. Save my name, email, and website in this browser for the next time I comment. The fact that it is broadcast on TV means its even more important that theyre showing the world they have a good program and theyre enforcing it, Mecum Director of Company Relations and TV Commentator John Kramer told me on the phone. Porsche Carrera GT. But every time they go higher, the lane gets thinner.
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