Mecum and his wife, Patti, have four sons together and nine grandchildren. 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. Lot S99. In todays marketplace, the restorer comes into it as well. Mecum Kissimmee 2021. What are your favorite cars in your personal collection? Mecum drove his mother's GTO a bit when he was 16, before eventually owning a '66 GTO convertible of his own. Successful business owners understand what they do well and what they don't do well. We were ready to shift gears and move to a mobile company on the fly.. Dana Mecum saw that. When did you start flying privately? 8 Budweiser Chevrolet Impala NASCAR ride, which sold for $39,600, and had $210,400 remaining to spend on neon signs and hot dogs. (Answers have been edited and condensed for clarity.). In addition to the entry fee, Mecum Auction charges a commission for sellers. 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. Were really a family And 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.. Toyota Camry. The 2015 Mustang had a total of seven recalls placed on it. Be transparent to a fault. They have nine grandkids between them. Entrepreneurs do what they do because they have a passion for it. Since then, she has left the spotlight and is now a show creator for businesses in Los Angeles. 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. | Money isnt as important as quality of life. Finance companies simply want to sell their vehicles at a reasonable price and be done with it. And thanks to David Morton, manager of communications and event marketing for Mecum, nothing and no one was off limits. Many of the cars are sold without reserve, meaning the owner will accept the highest bid, whatever it is. Kansas City, 700. 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. The Mecum Auctions show is revving up. "The GTOs I am offering are all special cars," Mecum said in the listing. So my two-and-a-half-hour flight winds up taking nine hours when you count the drive to the airport. 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. Through perseverance and with a deep passion for the industry, he has since grown the company into a thriving enterprise. Lot F88. I live by several. 7 Did Steve McQueen drive the car in bullet? Entrepreneur Staff Following the death obituary of Danas friend Bill Grams, several websites reported the death of Mecum, the auction house owner. We are made to know about this on If were selling a small collection with reserves, we try and arrange it so that the first few cars sell for sure. 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.? They have nine grandkids between them. The other thing is come to an auction [before buying] and practice bid in your mind. 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. His wifes name isPattiMecum. Of recent note, the most significant challenge we have had as a live event company was, of course, the pandemic. So Robb Larson is moving the lake, fish and frogs and all. Take a closer look at the cars below. Altogether in 2017, Mecum will handle some 20,000 consignments, including 14,000 cars, and generate revenues in excess of $400 million. Who bought the Bullitt Mustang at the Mecum auction? Ive been a huge Mopar fan my whole life. Nissan Juke. 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. He amassed his fortune thanks to his passion for cars. Dana Mecum Death Hoax Debunked: Is He Dead Or Alive? We use cookies. So enjoy what you are buying and know something about it. Dana "Dealmaker" Mecum and his beautiful wife Patti celebrating 25 years in Indianapolis, Indiana! I loved the romance and the history about them, and I really liked the fact that customers werent always wanting my car. The journey to get here was anything from straightforward. 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. Mecum is offering up eight of his Pontiac GTOs ranging from the 1964 through 1970 model years, including some rare and highly coveted examples. Today, people have computers and cell phones in their veins., Mecum Auctions has thrived to the point where Mecum can now afford to get around in his own Cessna Citation Excel. The point being is that you will never get it exactly perfect the first time. Ferrari F40. Required fields are marked *. he also gained the title of Assistant to Dana Mecum. 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. The Dana Mecum net worth and salary figures above have been reported from a number of credible sources and websites. Most Reliable Cars that Wont Break the Bank Toyota. 1965 Shelby 289 Cobra CSX2588. "My wife and I go to (Mecum) auctions all over the country," Hovas said. Mecum, Manage Settings Car shows, product launches, and automotive auctions nearly came to a halt this year for the sake of public health. Ford Scorpio mk2. He has been married for many years, and his wife has always been very supportive. It's about building something and creating a legacy. Altogether in 2017, Mecum will handle some 20,000 consignments, including 14,000 cars, and generate revenues in excess of $400 million. 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. These things have helped him get to where he is now one of the richest people on Earth. Also know about Dana Mecum bio, salary, height, age weight, relationship and more Dana Mecum Wiki Biography Dana Did Steve McQueen drive the car in bullet? 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's focus, interest and expertise in the car business comes naturally from his family heritage. Second Ferrari on the list already. 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. Back in 2008 former Top Gear host Chris Evans bought the car for 5.6 million. Dana Mecum, founder/president, Mecum Auctions (Photo: Jason Brant), The era I come from, everyone had gas and oil in their veins. 6 Who bought the Bullitt Mustang at the Mecum auction? They look to surround themselves with those who excel at things they don't. As it did in 2019, the house is advertising that it expects 3500 vehicles for the 2020 auction. Other fees vary. 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? And on January 10, the company auctioned off one of two 1968 Ford Mustang GT fastbacks Steve McQueen drove in the movie Bullitt. She was born September 14, 1932, in Monmouth, IL, to the late Harry and Winifred Numbers. However, the millionaire is still very much alive. Courtesy of Mecum Auctions, Inc. Dana Mecum, the founder and president of Mecum Auctions, is auctioning off several Inside and in adjacent circus tents sit 795 carseverything from a much-coveted 1937 Cord to a much-maligned 1976 Ford Pinto. Lot F139. Thats a big concern. At Mecum Kissimmee, theres something for everybody. Dana Mecum has always been a car guy and comes from a long car-focused lineage. They are driven by their passion. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. (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. So, what will be on the Mecum Kissimmee block for 2020? WebYou dont have to own them to enjoy them, Mecum answers. 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). 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. This address is also associated with the name of Ashley L Jones, David E Lorentzen, and four other individuals. Mecum itself has been the largest auto auction company since 2011. They help oversee the 200-odd employees who make these events happen. For instance, there's a one-of-a-kind gold GTO that was given away during a marketing campaign in 1965. Since 2003, Business Jet Traveler has been providing subscribers in more than 150 countries with aviation and lifestyle news, reviews, and features. If you buy quality and pay too much, the price will catch up and you will either make money long term or at least get your money back. An upgraded online sales platform added in January has been saving its bacon. Dana Net Worth: Mecum is a wealthy American businessman with a fortune of $45 million. His father sold Studebakers and Packards at Mecum Pontiac Buick in Marengo, Illinois and he passed down his passion to his son. According to ZoomInfo records, Dana Mecums professional experience began in 2020. Like. But if you bid and win, youll pay a 10 percent buyers premium on your purchase, with a $1,000 minimum. Dana Mecum net worth is $45 Million. The shortcoming is the age of the consumer. Look for partners that understand your vision, share in your enthusiasm for it, and are willing to customize capital programs to fit both your needs currently and in the future. Dana and Patti currently live in the Geneva Lakes area of Southeastern Wisconsin. He has subsequently built the firm into a flourishing corporation through tenacity and a genuine enthusiasm for the sector. AMC Gremlin. It had been rumored it was here or there or crashed.. With an annual inventory of around 15 thousand automobiles, the business now runs more than one auction every month. | 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.]. An admission ticket, just to watch, costs $20. They also ramped up the streaming ability so its more up-to-the second; before January, online bidding experienced delays that were up to 30 seconds, which can be a big problem during a live auction. Our planning resulted in Mecum returning to live events in late June of 2020. 0 Comments. Lake Geneva, Wisconsin (WI), US. Executive coach and Merging Path CEO Brooks E. Scott reveals what employers should do to stop burnout before it starts. Sellers pay a $99 listing fee, with the option to add our Plus photo service for an additional $250. We launched a full-feature magazine. 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 Features 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. The standard bidders premium is 10%, 12% for those bidding online or on the phone. They say I have to go back to ticketing and come through security again. We think entertainment can be 25 times the size of our regular business. I came up from Tennessee to see this and I told my cousin I wasnt leaving until I shook your hand. He is passionate about collector cars. That was part of how I got sick: I was trying to do everything. When they took the reserve off, Lewis played Great Balls of Fire for the crowd and it sold for $350,000. The Ultra couldnt make trips to the West Coast without stopping for fuel. The rarest car in the world is Ferrari 250 Grand Turismo Omologato, a rare diamond designed and cared for by Enzo Ferrari in personam. 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 Auctions, which he started from his dining room table, is a vehicle auction firm he created. Otherwise, the crowd quits bidding on that collection because they think the seller isnt serious. You Tell Us: How Do You Value the Bullitt Mustang, Something Thats One of One? Dana, a businessman, is married. 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. However, the businessman has yet to reveal any information regarding his actual birthdate. Now, the company typically holds more than one auction every month with an inventory of about 15 thousand cars annually. 2023 Celebrity Net Worth / All Rights Reserved. At the Mecum Kissimmee Auction in 2011, where it was decided to offer the bike, Dana Mecum agreed to let me say a few words about the charity before the Age, Family, Boyfriend, Net worth, Wiki, Bio, Who is Laci J. Mailey? Mecum remains a family-owned company with Dana, Patti and their four sons all actively filling roles in the company today. 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. 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. | Posted in Value depends on desirability, quality, and then rarity and who owned the car. Jan 11th 2021 at 5:45PM. According toCelebrity Net Worth, Dana Mecum has an estimated net worth of about $45 million. For the first 24 years of Mecum Auctions, the organization achieved considerable success and was one of the leaders in the industry. If you have a good roll of selling cars, its contagious. Mecums net wealth is largely derived from his car auction enterprise, Mecum Auction. At that time, and for an extended period of time thereafter, we were not only the only collector car auction company holding live events, but the only company holding live events, period. Dana Mecum Bio, Height, Weight, Profile, Net Worth, Sara Metts Bio, Age, Wiki, Height, Husband and Net Worth. In more recent years, Mecum has branched into collectible farm tractors, motorcycles, and road art. They are not primarily money motivated. 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.. Your credit or equity facilities need to have the capacity to be just as fluid. Mecums sell-through is typically 65 to 70 percent; it was 72 percent at the 2019 Mecum Kissimmee, with a total of $107.5 million changing hands. Immensely. His money was earned as a result of his enthusiasm for automobiles. Mecum Auctions is the world's largest collector car auction company, bringing approximately 22,000 lots to auction each year, spread out over 18 annual events across the country. We'll be in your inbox every morning Monday-Saturday with all the days top business news, inspiring stories, best advice and exclusive reporting from Entrepreneur. WebDana Mecum's house. If you continue to use the site, we will assume that this suits you. Geneva Lakes region in Southeastern Wisconsin. My wife asked me what I was going to do. Why is Mecum Kissimmee so big? The company is run by the entire family. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. 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. Muscle Car City Mecum Auction 01. In 2017 alone, Mecum handled 20,000 consignments, generating upwards of $400 million. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. The auction needed more room. $19,250. Lately, his popularity is flying in the sky. We engaged every employee in the process of planning for our future and the changes we were going to need to undertake. 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. In 2014, we sold a 1964 Ford GT40 [prototype] for $7 million. Because if you ever try to sell something you dont like or dont know anything about, youre going to have a hard time. Frank says restomods has become a big thing for a couple of reasons: one, younger buyers like the retro look but enjoy more modern conveniences. How about a 2008 Pontiac Solstice GXP for $6600? What percentage does Mecum Auctions take? 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. Is she Pregnant? 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. And if you get there early, youll also find a bunch of cars that just about anyone can afford. He has an estimated net worth of $100 million. 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. 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. I was looking at King Airs, but a friend told me I should really be looking at a jet. I had a hard time managing when we had six people. Mecum was the son of Edward Mecum, a well-known fleet dealer. Ford Mustang driven by Steve McQueen in Bullitt sells for $3.4 million. Ask what your potential financing partners bring to the table that will benefit the organization besides just dollars. Dana and Patti have four sons, all of whom serve key positions within the Mecum team, and nine grandkids. To be sure, Mecum auctions some pricey iron, but the ordinary and even sometimes the ridiculous cross the block as well. Even put the N number registration I wanted on itN50LD [for SOLD]. Dana was born in 1954 in Monmouth, Illinois, the son of renowned fleet dealer Edward Mecum. How did you get into this business? 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 main thing is making people happy. The 6 Most Expensive Vintage Cars In The World, Forgotten Vintage Cars Found In Barn Sell For BIG Money, Take A Look At This 1957 BMW 507 That's At $1.6 Million (And Counting) In An Online Auction. The average Barrett-Jackson Auction salary ranges from approximately $47, for Consignment Specialist to $117, for Software Developer. Mecum Auto Transports service isnt overnight, but the prices are reasonable. 203 likes for a timelessly beautiful car. Also, say you have two $1 million cars and one has been in five The entire family is heavily involved in the business. Other cars have a reserve, a minimum price that must be reached before the car will be sold. Webdana mecum lake geneva house dana mecum lake geneva house "You can never go wrong doing the right thing." 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. I still have it. 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. Inside and in adjacent circus tents sit 795 carseverything from a much-coveted 1937 Cord to a much-maligned 1976 Ford Pinto. Dana Mecum, the founder and president of Mecum Auctions, is auctioning off several muscle cars from his personal collection. (PHOTO: Jason Brant), We get to a lot of business [with our own jet] we wouldnt otherwise get. 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. Registering as a bidder, for instance, costs $100 in advance, $200 the day of the sale. In turn, Dana and his wife raised Frank and his three brothers, all of whom are now in the car auction business. Our core business has always been sales commissions. 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. His father was the largest fleet dealer in the U.S. at one time. I like to tell my staff, "Even the Constitution has 27 amendments." Rolls Royce Cullinan. Porsche Carrera GT. He also edits and writes articles for the IronSet blog where he shares his experiences. Dana and Patti presently reside in Southeastern Wisconsins Geneva Lakes region. 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? The 2020 Mecum Kissimmee auction will sell cars for 11 straight days. Of course, with tremendous growth comes growing pains. Another thing for a first-timer: dont ever go to an auction alone. The collection includes some rare, desirable, and low-mileage GTOs. Wiki, Bio. The businessman Dana Mecum is a married man. I was on a customers Falcon 7X a few weeks ago, and that was really nice. 1970 Dodge Challenger R/T Convertible Pilot Car. Proving that theres no accounting for taste, someone anted up $4400 for it. Lot F140. [Almost all appeared to be over 50.] 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. Dana Mecum is the CEO of Mecum Auctions, one of the industrys most well-known collector car 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. Sure, you think of the extra business you can get to with a plane, but nothing beats just getting home every night. 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. The collection includes some rare, desirable, and low-mileage GTOs. Save my name, email, and website in this browser for the next time I comment. However, it is false news and the businessman is still alive. And if that formula works, he said, I certainly have no plans to change it.. I watch you on TV all the time, says a third attendee. Tweet. Dana Mecum started his company, Mecum Auctions, while sitting at his dining room table. In turn, Dana and his wife raised Frank and his three brothers, all of whom are now in the car auction business. 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. 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. Scottie Barnes Mother: Everything You Need to Know, On Instagram, who is @1800savemary, also known as Mary Magdalene? 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. Share. The Staff of Entrepreneur Media, Inc. He has now turned the company into a thriving enterprise through patience and great enthusiasm for the industry. Just do what's right, and in the long run, it will be the right decision. At present, it doesnt look like Mecum Kissimmee will do anything but get bigger, and theres no auction out there in a position to challenge it for the lead. Continue with Recommended Cookies, Your email address will not be published. At Schaumburg, you could have bid on a 1996 Ford F-150 pickup or, for you ice hockey aficionados, a 1992 Zamboni. Dana Mecum overall profits are growing every day, and he is also becoming more popular. Andrey knows everything from warm-up to hard workout. Or a flawless 2005 Mercedes-Benz SLK55 convertible for $12,100? Business Jet Traveler is a publication of AIN Media Group, Inc., 214 Franklin Avenue, Midland Park, NJ 07432. The 1968 Bullitt Mustang sells for $3,740,000 at Mecum Kissimmeeures the crown for most valuable Ford Mustang in the world. by Spencer Johnson many years ago during my career in the financial services sector. Whats the most expensive car youve sold? It is, however, incorrect information, and the businessman is still alive. Buyers pay a 5% fee on top of the final sale price to BaT, with a minimum of $250, and capped at $5,000.

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