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If they are, its easier to get them to a decision. He always tanks up where fuel is cheap. What are your favorite cars in your personal collection? Mecum An example of data being processed may be a unique identifier stored in a cookie. Dana Mecum Death | Obituary | Dead | Died | Funeral Plans - It is with great sadness to announce the passing of Dana Mecum. Submit a correction suggestion and help us fix it! Nobody. So we are going to have a lot of inventory, but are we going to have enough of the kind of inventory the crowd supports as it ages? Health Update. Ive told the other consignment guys, if they have a quick deal and other things to do, use the plane. Im in the security line for an hour, get pulled out for a pat down in a private room and that takes a while, and finally I get to the gate, where I decide to use mileage to upgrade to first class. The businessman is alive and healthy. Dana Mecum's GTOs. Regardless of whether it be equity or debt, look for a partner that brings something to the table besides just dollars. WebDana Mecum is known for Mecum Dealmakers (2014), Mecum Auto Auctions: Muscle Cars & More (2008) and Chasing Classic Cars (2008). 3 How much is the buyers premium at Mecum? Money isnt as important as quality of life. It has changed quite a bit since pencil and paper, but the auctioneers cadence remains the same. He is passionate about collector cars. Dana Mecum is an American auctioneer and founder of Mecum Auctions, one of the worlds largest auction companies for collector cars. He also edits and writes articles for the IronSet blog where he shares his experiences. Dana and Patti currently live in the Geneva Lakes area of Southeastern Wisconsin. Since 2011, it has been headquartered in Walworth, Wisconsin. 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. In 15 years, the Mecum Auction Kissimmee has become the largest auto auction in the world. The company is still owned by founder and president Dana Mecum, who ran the business with his wife and four sons for decades. Kansas City, 700. 1965 Shelby 289 Cobra CSX2588. How Mecum was Sold on Curing Kids Cancer - Mecum Magazine [CEO] Dave Magers spent 37 years at Country Financial, and he has the financial background we needed. So, what will be on the Mecum Kissimmee block for 2020? WebThe businessman Dana Mecum is a married man. 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. It was the way I was feeding my family so I would always sell them. Porsche Carrera GT. Its the guy with the jet with N5OLD on it. In 2020, they lost four events and postponed three of them, and their 200+ workforce scrabbled to adapt. They gave the 2017 a 2 out of 5, while the 2018 model got 3 out of 5. For the first 24 years of Mecum Auctions, the organization achieved considerable success and was one of the leaders in the industry. Lot F120. Indeed, his wife, Patti, works the auctions, as do their four sons. #MecumIndy youtube.com Dana and Patti Mecum Celebrate 25 Years Julia Carey is a TV producer. Since then Dana has changed 2 companies in the same role. What advice would you give a first-time buyer? 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. Mazda. They have four boys, all of whom are active Mecum team members. A 2004 Porsche Boxster for $6600? Mecum in recent years has also branched out into motorcycles, collectible farm tractors, and road art, the former two driving their own events. Dana and Patti presently reside in Southeastern Wisconsins Geneva Lakes region. Edward Mecum became the nation's largest fleet dealer until the 1980s, when high-interest rates temporarily wiped out his business. Dana's focus, interest and expertise in the car business comes naturally from his family heritage. They have nine grandkids between them. But, some of the purists sniff, so much of what the company markets is comparatively pedestrian stuffChevrolet Camaros, Ford Mustangs, Chevy Corvettes, a variety of, for goodness sake,pickup trucksasopposed to the rarefied air surrounding, say, a Gooding & Company auction populated by Bugattis, Mercedes-Benz Gullwings and the occasional Isotta Fraschini Tipo IM. In turn, Dana and his wife raised Frank and his three brothers, all of whom are now in the car auction business. What started in 1988 with little more than a few helpers 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. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. "My wife and I go to (Mecum) auctions all over the country," Hovas said. Meet the ugliest cars in the world Fiat Multipla. My name is Dave Magers, and I am the CEO of Mecum Auctions. This isnt to say that Mecum Kissimmee doesnt have exotics, and it definitely has some bidders with deep pockets to balance out us bottom feeders. That one is going to bring more money. He has been married for many years, and his wife has always been very supportive. According to ZoomInfo records, Dana Mecums professional experience began in 2020. Everything is a work in progress, and there is always room to improve. He has now turned the company into a thriving enterprise through patience and great enthusiasm for the industry. We launched a full-feature magazine. More importantly, we were able to demonstrate that it could be done safely. Mecum specializes in American classics and muscle cars and touts a wider price range than its competition, but it doesnt miss out on some big-ticket items either. The collection includes some rare, desirable, and low-mileage GTOs. 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. Classic car house Mecum Auctions embraced internet, set record It had been rumored it was here or there or crashed.. But it grew. Business Jet Traveler is a publication of AIN Media Group, Inc., 214 Franklin Avenue, Midland Park, NJ 07432. Compare it to other Mecum Auctions: Chicago, 1000 cars. He had a pretty good reason. Continue with Recommended Cookies, Your email address will not be published. Jan 11th 2021 at 5:45PM. Bangladesh Gets 13,881 New Millionaires in One Year | Finance Tian, Anthony Pompliano Net Worth Phone Number, House Address, Wiki, Ashley Massengill Net Worth | Bio, Family, Address, Career, Atlas Monroe Net Worth | Age, Height, Weight, Dating And More, Beyonce S Net Worth Phone Number, House Address, Wiki, Blue Ivy Net Worth Phone Number, House Address, Wiki. It was observed that if the lake next to the auction complex wasnt there, imagine how much more room thered be! At Schaumburg, you could have bid on a 1996 Ford F-150 pickup or, for you ice hockey aficionados, a 1992 Zamboni. 1970 Plymouth Cuda Convertible Pilot Car. Inside and in adjacent circus tents sit 795 carseverything from a much-coveted 1937 Cord to a much-maligned 1976 Ford Pinto. In todays marketplace, the restorer comes into it as well. Then I had a flight from OHare. Save my name, email, and website in this browser for the next time I comment. She began working in the entertainment business as an actress. Mecum rule: if you raise your own bid to meet the reserve, the car is yours!. 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. But if you do want a new ride, or a new project, come to Mecum Kissimmee on Thursday, January 2, and youll see some bargains cross the block with either low or no reserve. However, the brand recognition and strength in the marketplace was not representative of the success of the business. My boss at my first job, when I was 15 years old, would respond to questions this way. 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. 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. How important has television been to the business? The Mecum Auction Company is now the largest antique, vintage, and collector car and motorcycle business in the world. Dana Mecum is not available on any social media platforms to date. The big tell that the GT500 wins the horsepower war is the trap speed at the end of the race, where the GT500 will be going in excess of 130 mph; the fastest GT350 weve tested was traveling 119.6 mph. WebDana Mecum's house Lake Geneva, Wisconsin (WI), US Like Tweet Share Pin Dana Mecum is the CEO of Mecum Auctions, one of the industrys most well-known collector car auction companies. The shortcoming is the age of the consumer. Send us a note: tips@thedrive.com. Dana Mecum Death | Obituary | - The Arts of Entertainment Long-term we think it will be OK, but the era I come from, everyone had gas and oil in their veins. If a seller insists on a reserve, its 10%. Proving that theres no accounting for taste, someone anted up $4400 for it. Mecum The legend suggests that in 610 A.D.give or take a decadethe Prophet Muhammad, in order to impress upon his audience that his teachings were appropriately incandescent, commanded the nearby Mount Safa to come to him. They have four Buyers pay a 5% fee on top of the final sale price to BaT, with a minimum of $250, and capped at $5,000. In 2009, we sold a 1965 Shelby Daytona Cobra coupe for $7.25 million. Whats the rarest car youve auctioned? 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. All net worths are calculated using data drawn from public sources. How has the plane enhanced your bottom line? When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. He has an estimated net worth of $100 million. The premier entry is the Highland Green 1967 Ford Mustang GT driven by Steve McQueen in the film Bullitt, one of two cars used in the filming. And if that formula works, he said, I certainly have no plans to change it.. Buy what you like, not just because you think its a bargain. "There are worse places to put money than in a collector car," Kramer told me. WebDana Mecum's house. The car was sold at the Mecum Auctions in Kissimmee, Florida. Frank says they bolstered absentee sales through the new internet system, adding more tech staff and beefing up online descriptions. Rick Treworgy's Muscle Car City is one of the biggest collections of high-performance American cars in the world. This auction has been an amazing part of Mecums stable for years, said Dave Magers, the CEO of Mecum Auctions, hired away from a top insurance company by Dana Mecum to help shore up the business side of the company. The Mecum Auctions show is revving up. Dana is the president and creator of Mecum Auctions, which he started with the support of his wife Patti and a few close friends from his kitchen table in 1988. Lot F88. All rights reserved. How would you describe an honorable person? How much does Barrett-Jackson Auction pay per year? The entrepreneur is alive and well. Trending. Muscle Car City Mecum Auction 01. Mecum was the son of Edward Mecum, a well-known fleet dealer. His enthusiasm for automobile collectibles and muscle cars inspired him to start Mecum Auto Auction, which is presently broadcast on Discovery HD Theater. Ive been a huge Mopar fan my whole life. Who bought Steve McQueen Bullitt Mustang auction? They have nine grandchildren. 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. They have four Dana Mecum Net Worth | Celebrity Net Worth "The GTOs I am offering are all special cars," Mecum said in the listing. Theres another desk that researches titles. Its important to have a crowd [at an auction], whether theyre bidders or just attendees. The full TV crew wont be there for the whole auction, but it will be there to host the broadcast live on NBC Sports Networkto ratings significantly higher than when coverage aired on the now-defunct Velocity network before 2014. Included in the offerings are classic and collector cars, antique motorcycles, antique farm tractors and auto memorabilia. Any thoughts about your next plane? Patti Mecum is his wifes name. 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. Dana earned his fortune as the founder of the car auction company, Mecum Auctions. After all, getting into car and taking a drive is a highly-recommended break from the real world right now. 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. How much money does Mecum What made you decide to buy the Ultra? Dana Mecum is the CEO of Mecum Auctions, one of the industrys most well-known collector car 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." Through perseverance and with a deep passion for the industry, he has since grown the company into a thriving enterprise. Lake Geneva, Wisconsin (WI), US. 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His money was earned as a result of his enthusiasm for automobiles. We back up from the tarmac and sit there for two hours. Hey, Dana, I brought my nephew, says one. Auctions like that are marvelous and compelling and educational, but the odds of an average automotive enthusiast raising a bidders paddle when a 1939 Lagonda V12 Rapide Drophead Coupe crosses the block are scant. Lexus SC430. A blend of contemporary rock music and oldies is blaring through the speakers, television cameras are in place, and Mecums traveling army of 200 workersincluding a blue-shirted operations team and a black-shirted block teamare attending to final preparations. Eleanor (Mustang) Fiat Multipla. The Mecum Auction Company is the worlds largest auction house for antique, vintage, and collectible cars and motorcycles. She was born September 14, 1932, in Monmouth, IL, to the late Harry and Winifred Numbers. As a result, our business expanded significantly in the last two years, helping us to achieve many event records and a world record for the most sales in one year by a collector car company and the most sales at a single collector car auction. Finally, my wife, Karen, and I have always lived by the motto, "Leave it better than you found it." The 2020 Mecum Kissimmee auction will sell cars for 11 straight days. Manage Settings We returned home to our corporate offices in Wisconsin not knowing what the future held in general, but specifically, what it held for Mecum as a live event organization. Usually these fees are $1000 or less. And theres still another office that deals with transportation. I watch you on TV all the time, says a third attendee. 1954/1959 Ferrari 0432M. Dana Mecum 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. What was your thinking? Mecum understands diverse tastes and does not discriminate. The series takes a behind-the-scenes look at Mecum Auctions, America's biggest collectable car auction facility. The mountain declined to move. Fortunately, the company made a big investment in its online auction platform in January, which turned out to be a saving grace. WebMecum Auctions is an American auction company specializing in collector cars. Many other investments in addition to these examples were made over several years. Very little gets by this meticulous crew, and you do not want to play automotive trivia against themunless you know, say, that it was possible to match the engine with the chassis in a 1954 Corvette but not a 1953. Dana Mecum We built and launched a new auction management and online bidding system. In January of each year, Mecum holds both the largest collector car auction in the world in Kissimmee, Florida, and the largest collector motorcycle auction in the world in Las Vegas, Nevada. The key to funding for entrepreneurs is to look for strategic capital, not just capital. In the event of a Wire Transfer, payment may not arrive until the first business day after the auction. Where Is Julia Carey Going After Leaving The Late Late Show? Alternatively, you can have a $30,000 car with a $20,000 bid and if every seat is full, the guy will sell. He amassed his fortune thanks to his passion for cars. If your car does sell, great, but know that youll pay a sellers commission5 percent of hammer price without reserve, 10 percent with a $1,000 minimum on eight of the auctions 11 days. By 5 How much do Barrett-Jackson Auctioneers make? Then I fell in love with Indy race cars because none of my customers wanted them. In 2014, we sold a 1964 Ford GT40 [prototype] for $7 million. There have been speculations that he has been battling Cancer, but neither Mecum nor his Company has confirmed this. Plymouth Prowler. Some cities were unwilling to host a car auction no matter what precautions were taken, but Mecum has done its best to mitigate spread as much possible by cutting seating way back, allowing no more than two people per table, running temp checks at the door, providing hand washing stations, and of course, requiring masks. The company is headquartered in Walworth, Wisconsin, and is tops in the world for the number of collector cars offered at auctions, the number of collector cars sold at auctions, and the host of the largest collector car auction, which takes place every year in Florida. Wiki, Bio. But when I started this business, customers would always want those cars. "You can never go wrong doing the right thing." Weve got nine grandkids, and we like to go places. Lot S99. But Mecum isnt just any car guy. Dana Mecum Death Hoax Debunked: Is He Dead Or Alive? WebDana Mecum Net Worth 2023: Wiki Biography, Married, Family, Measurements, Height, Salary, Relationships Edward Norton 1,240 Less than a minute Dana Mecum net worth How do you get them to lift the reserve [price] when the bidding is not moving? Pin. Inside and in adjacent circus tents sit 795 carseverything from a much-coveted 1937 Cord to a much-maligned 1976 Ford Pinto. So far, the updates and adaptations seem to be working; the company is gearing up for its next set of events and theyre enthusiastic about selling and sharing their zeal for anything with an engine. Today, people have computers and cell phones in their veins. 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. His father owned a Pontiac dealership in Marengo, Illinois and later resold Avis rental cars. Does Dana Mecum Have Cancer? Illness And Health Update Or an oddball VW-based 1969 MG TD replica for $8800? The Highland Green Ford Mustang GT390 is famously unrestored, bearing the scars from the filming of the legendary car chase in the 1968 film, plus over 40 years of day-to-day use. Now, the company typically holds more than one auction every month with an inventory of about 15 thousand cars annually. The average Barrett-Jackson Auction salary ranges from approximately $47, for Consignment Specialist to $117, for Software Developer. The car has belonged to the Kiernan family since the early 1970s when the car was purchased by Robert Kiernan of Madison, New Jersey for just $6,000. And two, for the same reason, the older generation wants power steering so they dont have to wrestle with it any more. Currently, Dana Copyright 2023 Entrepreneur Media, Inc. All rights reserved. To be sure, Mecum auctions some pricey iron, but the ordinary and even sometimes the ridiculous cross the block as well. 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. 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 sold Steve McQueens Porsche for $2 million. They are driven by their passion. So you got over your concerns about the economics of aircraft ownership? Mecums first auction, in 1988, ended in disaster when 90 mph winds hit, followed by a storm of litigation from unhappy customers. Dana Mecum net worth is $45 Million. Dana Mecum: Wiki, Bio, Age, Family, Weight, Wife, Net Worth 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. I said, Hell, we might as well have another auction. There was no business planit was just survival. For 15 years, Mecum soldiered on without making a profit, plowing his earnings from another automobile business into the auction company to keep it afloat. 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