As a result, the Mecum Auction Kissimmee will continue to grow. 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. About 19 or 20 years ago, Mecum purchased the 1934 Gilmore Special, a racing car built by Myron Stevens for Art Sparks and Paul Weirick. However, it is false news and the businessman is still alive. 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. 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. We welcome all corrections and feedback using the button below. Also know about Dana Mecum bio, salary, height, age weight, relationship and more Dana Mecum Wiki Biography Dana Now theyre down to a delay of only 1.5 seconds. Mecum was the son of Edward Mecum, a well-known fleet dealer. I still have it. We built and launched a new website. In turn, Dana and his wife raised Frank and his three brothers, all of whom are now in the car auction business. He had a pretty good reason. [CEO] Dave Magers spent 37 years at Country Financial, and he has the financial background we needed. 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. Provide frequent detailed updates on progress. 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What are your favorite cars in your personal collection? So I learned a great lesson from that. Mecum, a businessman, was recently featured on the internet. In 15 years, the Mecum Auction Kissimmee has become the largest auto auction in the world. Mecum Kissimmee 2021. Get that, and you could have bought Dale Earnhardt Jr.s track-ready 2007 No. 2023 Motorsport Marketing. Porsche Carrera GT. With an annual inventory of around 15 thousand automobiles, the business now runs more than one auction every month. WebDana Mecum's house. Sure, you think of the extra business you can get to with a plane, but nothing beats just getting home every night. Magerswho, incidentally, drives a Dodge Hellcat Challenger-believes that Mecums simple formula of offering cars that sell for low-four-figures to well into the millions appeals to everyone who likes interesting cars. Jan 11th 2021 at 5:45PM. My wife and I are looking at getting her a 2023 Charger R/T with its standard 5.7L HEMI V8 engine, as this will be the last of the line for this awesome platform, noted John. Rock-and-roll legend Jerry Lee Lewis consigned a 57 Harley-Davidson that was given to him by the motorcycle manufacturer. By 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. WebDana Mecum Founded 1988 Company size 501 to 1,000 Revenue $25M to $100M (USD) Industry Auctions & Galleries Headquarters 445 South Main Street, Wa Mecum Auctions Inc. website Nobody sells more than Mecum. Money isnt as important as quality of life. His money was gained as a result of his enthusiasm for automobiles. We have 130 in the home office now. They have nine grandchildren. Dana Mecum, the founder and president of Mecum Auctions, is auctioning off several muscle cars from his personal collection. And thanks to David Morton, manager of communications and event marketing for Mecum, nothing and no one was off limits. They gave the 2017 a 2 out of 5, while the 2018 model got 3 out of 5. By far. 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. A friend, just to see if he could, applied for an unsecured loan right there on the premises, and to his shock, 2 hours after he turned in his application, he had $30,000 to spend. Do you remember me? Mecum not only remembers, he recalls where they first met. Born in Monmouth, Illinois, in 1954, Dana Mecum was the son of famed fleet salesman Edward Mecum. No matter how much better, how small the improvement, if everyone were to aspire to that motto, the world would continue to improve. The company is significantly influenced by the entire family. We built a new stage and TV set. Mark Delzell, who has been working for the company for 33 years and has missed only two auctions, says its like a shot of espresso and gives you an adrenaline rush when the price ratchets up. While selling and buying at auction seem simple, there are, of course, fees and commissions involved. Before the pandemic, absentee bidding was less than 10%, and its currently averaging 20-30%. Buy what you like, not just because you think its a bargain. Got a tip? Position: Founder/president, Mecum Auctions, Transportation: 1999 Cessna Citation Excel. So far, we have used it to sell more cars. Now we have thousands of people who come and will never buy a car. 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. 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 Mecum net worth is $45 Million. Were really a family business that grew up and got big, understates Dana Mecum, company president. 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. "The GTOs I am offering are all special cars," Mecum said in the listing. Mecums net wealth is largely derived from his car auction enterprise, Mecum Auction. Ford Mustang driven by Steve McQueen in Bullitt sells for $3.4 million. Starting in 2013, we began to make considerable investments in the brand and in Mecum as an entertainment company, not just an auction company. he also gained the title of Assistant to Dana Mecum. 6 Who bought the Bullitt Mustang at the Mecum 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. You Tell Us: How Do You Value the Bullitt Mustang, Something Thats One of One? 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. Inside and in adjacent circus tents sit 795 carseverything from a much-coveted 1937 Cord to a much-maligned 1976 Ford Pinto. Audi RS2. Edward Mecum became the nation's largest fleet dealer until the 1980s, when high-interest rates temporarily wiped out his business. (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. Meanwhile, the plane is delayed an hour for some other reason, and finally they let me on. When Dwight Eisenhower gave the Atoms for Peace speech what constructive use of nuclear energy was he introducing? Our core business has always been sales commissions. 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. Personal: Lives in Lake Geneva, Wisconsin, with wife Patti. Were in the air two or three days every week. Registering as a bidder, for instance, costs $100 in advance, $200 the day of the sale. The 2020 Mecum Kissimmee auction will sell cars for 11 straight days. Finance companies simply want to sell their vehicles at a reasonable price and be done with it. I remember reading the book Who Moved My Cheese? 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. Accurately described by one commenter as the greatest Porsche ever made. My wife asked me what I was going to do. 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. Auction executives credit founder Dana Mecum with identifying Florida as a key state. The mountain declined to move. Later in life, I realized how profound that simple statement was. I came up from Tennessee to see this and I told my cousin I wasnt leaving until I shook your hand. We began to shop our plans around to state and local health officials, governors, mayors and venue managers. "There are worse places to put money than in a collector car," Kramer told me. Some customers go through the Mecum Financial Services process, available online atmecum.com, and apply in advance for a loan of up to $250,000. At one point, someone offered to buy him out. Copyright 2023 Entrepreneur Media, Inc. All rights reserved. Jun 13, 2022, In this ongoing series, we are sharing advice, tips and insights from real entrepreneurs who are out there doing business battle on a daily basis. (Answers have been edited and condensed for clarity.). The entire family is strongly invested in the Company. 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. When we land, my phone rings. Dana Mecum, founder/president, Mecum Auctions (Photo: Jason Brant), The era I come from, everyone had gas and oil in their veins. Dana Mecum is not available on any social media platforms to date. He has been married for many years, and his wife has always been very supportive. Im 63 now. We now have limitless entertainment [revenue potential] if we can learn to harness it. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. His father was the largest fleet dealer in the U.S. at one time. A separate area deals with financing. The series takes a behind-the-scenes look at Mecum Auctions, America's biggest collectable car auction facility. Dana earned his fortune as the founder of the car auction company, Mecum Auctions. I had a hard time managing when we had six people. Business Jet Traveler is a publication of AIN Media Group, Inc., 214 Franklin Avenue, Midland Park, NJ 07432. And grew. Dana and Patti have four sons, all of whom serve key positions within the Mecum team, and nine grandkids. Since 2003, Business Jet Traveler has been providing subscribers in more than 150 countries with aviation and lifestyle news, reviews, and features. 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. Top 250 Movies Most All rights reserved. How did you get into this business? 7 Did Steve McQueen drive the car in bullet? Of course, with tremendous growth comes growing pains. Following the death obituary of Danas friend Bill Grams, several websites reported the death of Mecum, the auction house owner. Its three hours before show time at the Schaumburg, Illinois Convention Center. 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. Theres another desk that researches titles. | 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. To be sure, Mecum auctions some pricey iron, but the ordinary and even sometimes the ridiculous cross the block as well. They help oversee the 200-odd employees who make these events happen. They have nine grandkids between them. 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. Related: Harlem Pilates Founder: 'It's So Gratifying to Know You're Doing Exactly What You Should Be Doing'. 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. The average Barrett-Jackson Auction salary ranges from approximately $47, for Consignment Specialist to $117, for Software Developer. We and our partners use cookies to Store and/or access information on a device. Thats a whole lot of jobs and lives on the line, and companies like Mecum run 12 auctions and sell around 15,000 cars per year. Lexus SC430. Year: Net Worth: 2020: $19 Million : 2021: $19.5 Million: 2022: 20 Million: although hes married. #MecumIndy youtube.com Dana and Patti Mecum Celebrate 25 Years Dana Mecum. 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. If you arent a Gold member (which costs $500), you need to provide a credit card for a $500 authorization hold. Vehicles must be paid for, typically within an hour of the sale, in cash, wire transfer or check. That one is going to bring more money. 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. I was a control freak, and around 1999 I got sick and had to let go and let other people do things. Here is the full Bio/Wiki of Mecum, his family/ mother/ father/ brother name, age, height in feet, weight, body measurements, interests/hobbies, girlfriends, wife, spouse, cars, property, bikes, address, email, house, hometown, ethnicity, hometown, birthplace, parents, achievements, phone number, school, his Twitter, Facebook, Instagram, earning /income/net worth, birthday, zodiac sign, education, caste, religion, Date Of Birth. Lot F120. If you continue to use the site, we will assume that this suits you. The Staff of Entrepreneur Media, Inc. 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. And on January 10, the company auctioned off one of two 1968 Ford Mustang GT fastbacks Steve McQueen drove in the movie Bullitt. Alternatively, you can have a $30,000 car with a $20,000 bid and if every seat is full, the guy will sell. In the top 10 was a 1930 Duesenbergyes, Mecum does have some true vintage classicsand a 1954 Chrisman Bonneville Hemi Coupewhich, in 1954, ran 196 mph at Bonneville, and was featured on the cover ofHot Rodmagazine. Pontiac Aztek. Sellers can be emotional about their cars. Mecum Auctions, based in Walworth, Wisconsin, which is southwest of Milwaukee, got its start with a small event at an airport in 1988. 203 likes for a timelessly beautiful car. Has four children, nine grandchildren. History was made on January 10, 2020 as the Mecum auction block arena at Oceola Heritage Park filled to capacity to watch history unfold. Successful entrepreneurs have an immense passion for what they do. So thats a challenge going forward. So you got over your concerns about the economics of aircraft ownership? Mecumwho runs the Wisconsin-based, 300-plus-employee business with his wife, Patti, four sons, and CEO Dana Mecum is an American businessman who has a net worth of $50 million. It runs through July 18. 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. Im a car guy, but I dont own anything like this.. The tenants started calling me in the middle of the night to fix this and that. It was the way I was feeding my family so I would always sell them. Lot F113. Sean Kiernan, who sold the iconic Bullitt Mustang last week for 2.6 million has confirmed that the cars new owner will not restore it. Residential Links: www.mecum.com By: Champion3 Advertisement Around the World Mailing List Advertisement Gregg Kunes' house Yerkes Observatory James Athan's They are driven by their passion. Lot F89. If they are, its easier to get them to a decision. Eleanor (Mustang) Fiat Multipla. 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. His wifes name is Patti Mecum. He has now turned the company into a thriving enterprise through patience and great enthusiasm for the industry. 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. 1970 Dodge Challenger R/T Convertible Pilot Car. Details about her Age, Family, and Net Worth, Melissa Bumstead Height, Age, Weight, Family, Husband, Brother, Net worth, Why she has been detained? 0 Comments. The 5.7-liter Chevy crate motor was worth that. Another thing for a first-timer: dont ever go to an auction alone.
