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. Features he also gained the title of Assistant to Dana Mecum. 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. His company auctions more collectible autos than any other in the world at 14 annual events across the U.S., including a monster 3,000-car, 10-day, $100 million extravaganza each January in Kissimmee, Florida. (Answers have been edited and condensed for clarity.). WebYou dont have to own them to enjoy them, Mecum answers. We sold Steve McQueens Porsche for $2 million. An exclusive behind the scenes look at Mecum Auctions It went for $7700. It hadnt been seen in 40 years, Frank said. Today, people have computers and cell phones in their veins. Copyright 2023 Entrepreneur Media, Inc. All rights reserved. How did you get into this business? Mary E Mecum, Frank Mecum were identified as possible owners of the phone number (319) 524-6331. So I learned a great lesson from that. So my two-and-a-half-hour flight winds up taking nine hours when you count the drive to the airport. Kathlyn Wilkins: Who Is She? 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 commission is 10% of the hammer price if you have a reserve price which applies if you accept the last bid. Leadership Lessons From the CEO of the Largest Car If a seller insists on a reserve, its 10%. 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 We get to a lot of business we wouldnt otherwise get because of the time factor. Auction executives credit founder Dana Mecum with identifying Florida as a key state. You cannot own everything, but you can keep track of the cars you love.". well-known collections. Which would be, as it already is, just enormous. Lot F88. Its three hours before show time at the Schaumburg, Illinois Convention Center. However, the businessman has yet to reveal any information regarding his actual birthdate. 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. 3 How much is the buyers premium at Mecum? His enthusiasm for automobile collectibles and muscle cars inspired him to start Mecum Auto Auction, which is presently broadcast on Discovery HD Theater. Then I fell in love with Indy race cars because none of my customers wanted them. Maybe in three years or so Id buy one, but that wouldnt be for 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. auctioning off its cars My wife asked me what I was going to do. The business was started in 1988 by Dana and Patti Mecum around their kitchen table in Marengo, Illinois. Also, say you have two $1 million cars and one has been in five 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. Frank says they bolstered absentee sales through the new internet system, adding more tech staff and beefing up online descriptions. In fact, one of the GTOs up for sale is so dear to Mecum that its sale comes with a stipulation: If the buyer ever decides to sell, it has to go back to Mecum. Any thoughts about your next plane? As a result, the Mecum Auction Kissimmee will continue to grow. He has been married for many years, and his wife has always been very supportive. However, the brand recognition and strength in the marketplace was not representative of the success of the business. Proving that theres no accounting for taste, someone anted up $4400 for it. Is that 427-cubic-inch V8 in this Corvette original? Mecum Auctions, which has been in business for over 25 years, had its inaugural auction in 1988 at the Rockford Airport. Rolls Royce Cullinan. 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. Mecum and his wife, Patti, are the parents of four kids. Otherwise, the crowd quits bidding on that collection because they think the seller isnt serious. 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. Personal: Lives in Lake Geneva, Wisconsin, with wife Patti. 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. Geneva Lakes region in Southeastern Wisconsin. They have four As Chris Harris from Top Gear once said, there are far too many tasteless rich people for it not to exist. Business Jet Traveler is a publication of AIN Media Group, Inc., 214 Franklin Avenue, Midland Park, NJ 07432. Now, the company typically holds more than one auction every month with an inventory of about 15 thousand cars annually. In the last 10-15 years, he started using a tablet on the auction block that keeps him up to the second on the auction price. Jan 11th 2021 at 5:45PM. Shirley Jean Mecum, 87, of Fontana, WI, passed away on Monday, August 24, 2020, at home due to natural causes. 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. Did Steve McQueen drive the car in bullet? What started in 1988 with little more than a few helpers However, the millionaire is still very much alive. Or an oddball VW-based 1969 MG TD replica for $8800? Lot F113. Just do what's right, and in the long run, it will be the right decision. Without TV, not only would we not have grown, we might not have survived. Lot F120. So a lot of mind games go on. Mecum Auctions, which he started from his dining room table, is a vehicle auction firm he created. His wifes name is Patti Mecum. Dana Mecums GTOs. Dana Mecum Death Hoax Debunked: Is He Dead Or Alive? Health Update. They help oversee the 200-odd employees who make these events happen. 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. Is she Pregnant? You can have a car with a value of $20,000. So I had these 40 and 15 of my own and decided to have an auction. "Some of them I have owned multiple times. His father sold Studebakers and Packards at Mecum Pontiac Buick in Marengo, Illinois and he passed down his passion to his son. I bought it. Finally, my wife, Karen, and I have always lived by the motto, "Leave it better than you found it." The business is going to grow and change. Dana "Dealmaker" Mecum and his beautiful wife Patti celebrating 25 years in Indianapolis, Indiana! Position: Founder/president, Mecum Auctions, Transportation: 1999 Cessna Citation Excel. 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. We did 30 hours of live programming, Kraman said of last years coverage, as well as highlight showsMecums Top 10 Mustangs and Mecums Top 10 Camaros-that sort of thing. 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. Andrey is a coach, sports writer and editor. Dana and Patti currently live in the Geneva Lakes area of Southeastern Wisconsin. 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. Fortunately, we started on TV at the same time so overnight we rolled from 80 to 90 percent of customers being dealers to 80 to 90 percent being the end consumer. 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. Many of us winced when the 1988 Chevrolet S-10 ratrodwith enormous red-sidewall rear tires, wheelie bars and some kind of toothed, snarling-mouthed paint job that surrounded the front wheelscrossed the block. The original Multipla invented its own class back in 1956. Our planning resulted in Mecum returning to live events in late June of 2020. I used to fill the seats when we would go to an auction for economy but I got past that. We began to shop our plans around to state and local health officials, governors, mayors and venue managers. Of course, with tremendous growth comes growing pains. Executive coach and Merging Path CEO Brooks E. Scott reveals what employers should do to stop burnout before it starts. 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. 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. Tweet. Dana Mecum Mecum Auctions, based in Walworth, Wisconsin, which is southwest of Milwaukee, got its start with a small event at an airport in 1988. 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 entrepreneur is alive and well. Why is Mecum Kissimmee so big? Mazda. I know what I can do well, and I have to let other people do what they can do well. The businessman was born in the year 1954. Do you remember me? Mecum not only remembers, he recalls where they first met. I bought 40 semi tractors. Hey, Dana, I brought my nephew, says one. So I went back to the guy I traded the trucks to and gave him his houses back and told him he could keep the trucks. Houston, 1000. Before the pandemic, absentee bidding was less than 10%, and its currently averaging 20-30%. Mecum Auctions' Dana Mecum | Business Jet Traveler 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. Since 2003, Business Jet Traveler has been providing subscribers in more than 150 countries with aviation and lifestyle news, reviews, and features. Those 30 or 35 percent that dont reach the reserve are tagged with The Bid Goes On as they roll off the block, and are dispatched to a tent where, quite often, the owner and a buyer negotiate in private and sometimes reach a deal. These things have helped him get to where he is now one of the richest people on Earth. The consent submitted will only be used for data processing originating from this website. #MecumIndy youtube.com Dana and Patti Mecum Celebrate 25 Years My boss at my first job, when I was 15 years old, would respond to questions this way. Compatible with the iPhone 14, it's just $99.99. But when I started this business, customers would always want those cars. So I refuse and tell the gate agent to call security because either Im getting on the plane in first class or Im going to jail. Pin. The 2015 Mustang had a total of seven recalls placed on it. Dana Mecum, founder/president, Mecum Auctions (Photo: Jason Brant), The era I come from, everyone had gas and oil in their veins. 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.. Got a tip? 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. Age, Family, Boyfriend, Net worth, Wiki, Bio, Who is Laci J. Mailey? $19,250. Dana Mecum's GTOs. 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. McKim was generally believed to have passed away in March 2020. History was made on January 10, 2020 as the Mecum auction block arena at Oceola Heritage Park filled to capacity to watch history unfold. Mecum is known for his enthusiastic style and catchphrases, such as Bring a trailer! and Fair warning! Manage Settings 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. The entire family is heavily involved in the business. However, it is false news and the businessman is still alive. 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 businessman is alive and healthy. The Mecum Auction Company is now the largest antique, vintage, and collector car and motorcycle business in the world. There is one exception to the dress code: president Dana Mecum. Rare does not necessarily mean valuable. [CEO] Dave Magers spent 37 years at Country Financial, and he has the financial background we needed. The auction house competes with Barrett Jackson, but Apr 5, 2023 I got a Citation Ultra in 2011 and moved up to an Excel in 2015. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. In the event of a Wire Transfer, payment may not arrive until the first business day after the auction. | From the Jan. 2020 issue 1970 Dodge Challenger R/T Convertible Pilot Car. WebThe businessman Dana Mecum is a married man. 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. And grew. Im a car guy, but I dont own anything like this.. 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 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. Now theyre down to a delay of only 1.5 seconds. Mecum, Compare it to other Mecum Auctions: Chicago, 1000 cars. However, there are several factors that affect a celebritys net worth, such as taxes, management fees, By Theyve seen the world and are happy in their marriage. Every time the prices go up, what is considered investment grade gets thinner. Mecum, a businessman, was recently featured on the internet. 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. Pay or walk away? Since 2011, it has been headquartered in Walworth, Wisconsin. What is Frank Mecum net worth? John also knows what the future holds for the current Dodge lineup. 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. Its important to have a crowd [at an auction], whether theyre bidders or just attendees. It runs through July 18. Plymouth Prowler. 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. Details about her Age, Family, and Net Worth, Melissa Bumstead Height, Age, Weight, Family, Husband, Brother, Net worth, Why she has been detained? 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. Born in Monmouth, Illinois, in 1954, Dana Mecum was the son of famed fleet salesman Edward Mecum. 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 Net Worth: Mecum is a wealthy American businessman with a fortune of $45 million. Take a closer look at the cars below. Lot F89. Mecum itself has been the largest auto auction company since 2011. Oh, theres some weirdness, but its mostly entertaining weirdness. 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. The Ultra couldnt make trips to the West Coast without stopping for fuel. 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. Entrepreneur Staff But it grew. The deal calls for coverage of at least 12 Mecum auctions, with Kissimmee being front and center. And if that formula works, he said, I certainly have no plans to change it.. 2023 Motorsport Marketing. Dana Mecum Thats a big concern. Year: Net Worth: 2020: $19 Million : 2021: $19.5 Million: 2022: 20 Million: although hes married. We try to adhere to that in both our professional careers and our personal lives. They have nine grandkids between them. 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. 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. By far. Lake Geneva, Wisconsin (WI), US. Dana Mecum has always been a car guy and comes from a long car-focused lineage. Continue with Recommended Cookies, Your email address will not be published. Money isnt as important as quality of life. Where Is Julia Carey Going After Leaving The Late Late Show? She was born Sept. 14, 1932, in Monmouth, Illinois, to the late Harry and Winifred Numbers. vZUY8nqSWWO69ZeDWWlVMxZNgYdw6DC7CLJ6f0IxCGYrWj32oaG9T0fZ6vjlUktT, Highland Green 1967 Ford Mustang GT driven by Steve McQueen in the film Bullitt,. 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 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. dana mecum He has an estimated net worth of $100 million. 1954/1959 Ferrari 0432M. See the age? Toyota is the most reliable car brand according to Consumer Reports, knocking Lexus from its former throne. Nobody. Edward Mecum became the nation's largest fleet dealer until the 1980s, when high-interest rates temporarily wiped out his business. Mecum rule: if you raise your own bid to meet the reserve, the car is yours! The recession put a lot of those people out of business. We built and launched a new website. By Steven Cole Smith Yes, everybody in business likes to make a profit, but for an entrepreneur, I don't think that is top of mind. No matter how much better, how small the improvement, if everyone were to aspire to that motto, the world would continue to improve. Sure, you think of the extra business you can get to with a plane, but nothing beats just getting home every night. The standard bidders premium is 10%, 12% for those bidding online or on the phone. The tenants started calling me in the middle of the night to fix this and that. The entire family is strongly invested in the Company. 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. Dana, a businessman, is married. 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 1932 Ford Hi-Boy Roadster Spencer II. 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. Currently, Dana Powered by PressBook Media WordPress theme, Quick Answer: Who Is The Owner Of Mecum Auctions, Question: Is Hyperterminal Available In Windows 10, Question: How Do I Reinstall Operating System After Replacing Hard Drive, Quick Answer: Question Can I Use My Android Phone As A Universal Remote, Quick Answer: Best Answer Can Windows 10 Run On Intel Pentium, You Asked What Happens If I Reset Bios To Factory Settings, Quick Answer: You Asked How Long Does It Take To Install Ubuntu On Windows 10, How Do You Repair Windows 7 That Will Not Boot, How Do I Change The Font On My Computer Windows 7, Question Is Windows 8 1 Update Still Available, Quick Answer: Will Windows 10 Erase My Files, Frequent Question Is Debian Better Than Ubuntu, Question: Question What Operating System Does This Computer Have, Question How Can I Permanently Activate My Windows For Free, Question: How Do I Test My Microphone On My Headphones Windows 7, Question: How Can I Record My Android Gameplay. Dana and Patti currently live in the Geneva Lakes area of Southeastern Wisconsin. Webdana mecum lake geneva house dana mecum lake geneva house By Our core business has always been sales commissions. Value depends on desirability, quality, and then rarity and who owned the car. Toyota Camry. The car was sold at the Mecum Auctions in Kissimmee, Florida. They live in the Geneva Lakes region in Southeastern Wisconsin. Kraman hired on with Mecum in 2006 to help Dana take the company to the next level, he said. Dana Mecum. How has the plane enhanced your bottom line? 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. The Mecum Auction Company is the worlds largest auction house for antique, vintage, and collectible cars and motorcycles. So, what will be on the Mecum Kissimmee block for 2020? Accurately described by one commenter as the greatest Porsche ever made. Dana Mecum net worth is $45 Million. I used to have Corvettes and muscle cars, because those are the cars I was driving when I was a kid. We welcome all corrections and feedback using the button below. Unlike her ever-popular other half, Julia avoids the internet and social media; nothing is known about her life outside her marriage. Ive seen it a thousand times: a guy turns down the best offer hell ever get because there arent enough people in the room. What is the buyers fee at Barrett Jackson? Webdana mecum lake geneva house dana mecum lake geneva house WebDana Mecum's house. 1962 ex-Phil Hill Ferrari 250 GTO sells for world record $48.4m! 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.. Trending. They have four boys, all of whom are active Mecum team members. Did that Chrysler really come with a Hemi engine? 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. Mecum was the son of Edward Mecum, a well-known fleet dealer. Your credit or equity facilities need to have the capacity to be just as fluid. Mecum Auctions Founder to Sell His Collection of Pontiac GTOs in 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. He takes a floor-level seat on the auction block and the customers begin approaching. The massive white tents and classic cars spread across Osceola Heritage Park on Jan. 7 signaled to auto enthusiasts that Mecum Auctions is back in Central Florida, bringing nearly 3,000 cars up for auction. The Indianapolis 33rd Original Spring Classic, previously the largest Mecum auction, 2000vehicles. According toCelebrity Net Worth, Dana Mecum has an estimated net worth of about $45 million. How much does Barrett-Jackson Auction pay per year? Dana Mecum - Biography - IMDb The series takes a behind-the-scenes look at Mecum Auctions, America's biggest collectable car auction facility. Barrett-Jackson Auction employees rate the overall compensation and benefits package 2.2/5 stars. At Mecum Kissimmee, theres something for everybody. The collection includes some rare, desirable, and low-mileage GTOs. His wifes name isPattiMecum. My first one was a Rex Mays Gilmore Special that was on the pole at Indy in 1935 and 1936. Related: How These Food Entrepreneurs Went From Barely Staying Afloat to Having Hour-Long Lines. I like to tell my staff, "Even the Constitution has 27 amendments." His father was the largest fleet dealer in the U.S. at one time. Mecum and his wife, Patti, have four kids and nine grandchildren. Starting in 2013, we began to make considerable investments in the brand and in Mecum as an entertainment company, not just an auction company. They welcome adversity and challenge. But every time they go higher, the lane gets thinner. Mecum remains a family-owned company with Dana, Patti and their four sons all actively filling roles in the company today. Jan 29, 2021. The reliability for this car was very low. To him, youre a fellow car guy, and thats all that matters. Indeed, his wife, Patti, works the auctions, as do their four sons. In 2017 alone, Mecum handled 20,000 consignments, generating upwards of $400 million. 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? Born in Monmouth, Illinois, in 1954, Dana Mecum was the son of famed fleet salesman Edward Mecum. The average Barrett-Jackson Auction salary ranges from approximately $47, for Consignment Specialist to $117, for Software Developer. "My wife and I go to (Mecum) auctions all over the country," Hovas said. Your email address will not be published. Dana Mecum We were ready to shift gears and move to a mobile company on the fly.. Dana Mecum is not available on any social media platforms to date. WebDana Mecum is known for Mecum Dealmakers (2014), Mecum Auto Auctions: Muscle Cars & More (2008) and Chasing Classic Cars (2008). Their new business model was housing their cars in low-cost warehouses and bringing them to public auction. Dana, Ive been coming since 1988, says another. For Mecum, those investments made many years ago have driven the explosion of the company's success, particularly in recent years. Mecums net worth is primarily generated from his Mecum Auction vehicle auction business. In existence for more than 25 years, Mecum Auctions hosted their first auction in 1988 at the Rockford Airport. We get most of the single-car consignments from television and internet exposure but the plane helps us get to the collections and that helps increase our bottom line. Porsche Carrera GT.