Dana Mecum: Wiki, Bio, Age, Family, Weight, Wife, Net Worth Arguably BarrettJackson pioneered the auction-on-TV marketing tool, but Mecum wasnt far behind, bringing in a full crew for the sexiest days of the auction. The Mecum Auction Company is the worlds largest auction house for antique, vintage, and collectible cars and motorcycles. He has now turned the company into a thriving enterprise through patience and great enthusiasm for the industry. Cars dont cross the block at Mecum until theyve been fully vetted. I was a control freak, and around 1999 I got sick and had to let go and let other people do things. How Our Fees Work. Today 80 percent are worth $750,000 to $1 million and the rest are worth $3 million to $10 million. Every time the prices go up, what is considered investment grade gets thinner. 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. WebDana Mecum's house. Over the last 60 years our prices have gone up for four or five years, then theyve stabilized, then theyve gone down for a few years, then theyve gone back up [to a new high]. Glendale, Arizona, 2000. 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. It was the way I was feeding my family so I would always sell them. Finance companies simply want to sell their vehicles at a reasonable price and be done with it. Manage Settings Dana, a businessman, is married. We began to shop our plans around to state and local health officials, governors, mayors and venue managers. Wiki, Bio. Now we have thousands of people who come and will never buy a car. Its one of the best decisions Ive ever made. 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. dana mecum We back up from the tarmac and sit there for two hours. Dana and Patti reside in the Geneva Lakes area of Southeastern Wisconsin. 0 Comments. We built and launched a new auction management and online bidding system. 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. Classic car house Mecum Auctions embraced internet, set record Maybe the buyer, for instance, offers a vehicle as a partial trade and the seller takes it-a detail that really cant be addressed during the actual auction. Get that, and you could have bought Dale Earnhardt Jr.s track-ready 2007 No. 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. Dana and Patti currently live in the Geneva Lakes area of Southeastern Wisconsin. Through perseverance and with a deep passion for the industry, he has since grown the company into a thriving enterprise. Kraman hired on with Mecum in 2006 to help Dana take the company to the next level, he said. Your credit or equity facilities need to have the capacity to be just as fluid. But I couldnt get my head around the expense. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. I didnt know anything about trucks so I traded 10 of them for four rental houses. Whats next in auction trends? At Schaumburg, you could have bid on a 1996 Ford F-150 pickup or, for you ice hockey aficionados, a 1992 Zamboni. Ford Mustang driven by Steve McQueen in Bullitt sells for $3.4 million. 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. Any thoughts about your next plane? Meet the ugliest cars in the world Fiat Multipla. Of recent note, the most significant challenge we have had as a live event company was, of course, the pandemic. All Rights Reserved. They gave the 2017 a 2 out of 5, while the 2018 model got 3 out of 5. Hey, Dana, I brought my nephew, says one. WebThe residency of Frank is at 919 Carroll Str, Keokuk, IA 52632-4225. | Posted in Long-term we think it will be OK, but the era I come from, everyone had gas and oil in their veins. Dana Mecum. Dana Mecum - President - Mecum Auction | ZoomInfo According to ZoomInfo records, Dana Mecums professional experience began in 2020. 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 He had a pretty good reason. Required fields are marked *. He is wearing a yellow company shirt and matching baseball cap, but otherwise looks much like the 10,000 customers who will attend this weekend event. They tell me I owe $5.43 tax but they wont let me pay them. Mecum Auctions, based in Walworth, Wisconsin, which is southwest of Milwaukee, got its start with a small event at an airport in 1988. dana mecum Where Is Julia Carey Going After Leaving The Late Late Show? Mecum Successful entrepreneurs have an immense passion for what they do. Dana Mecum Mecum remains a family-owned company with Dana, Patti and their four sons all actively filling roles in the company today. 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. And finally, theres the TV package, which helped launch Mecum toward worlds-largest status. Mecum, a businessman, was recently featured on the internet. There have been speculations that he has been battling Cancer, but neither Mecum nor his Company has confirmed this. It runs through July 18. Dana Mecum Net Worth My wife asked me what I was going to do. 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. My boss at my first job, when I was 15 years old, would respond to questions this way. What advice would you give a first-time buyer? We were ready to shift gears and move to a mobile company on the fly.. Most Reliable Cars that Wont Break the Bank Toyota. No matter how much better, how small the improvement, if everyone were to aspire to that motto, the world would continue to improve. They are driven by their passion. 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. And thanks to David Morton, manager of communications and event marketing for Mecum, nothing and no one was off limits. 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. Im a car guy, but I dont own anything like this.. 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. 1954/1959 Ferrari 0432M. Money isnt as important as quality of life. The company is run by the entire family. In turn, Dana and his wife raised Frank and his three brothers, all of whom are now in the car auction business. The key to funding for entrepreneurs is to look for strategic capital, not just capital. But, whispered a Mecum executive, I really like the sound of4000.. The other thing is energy. Ive been a huge Mopar fan my whole life. The main thing is making people happy. 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. See the age? 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. Dana "Dealmaker" Mecum and his beautiful wife Patti celebrating 25 years in Indianapolis, Indiana! How much does Barrett-Jackson Auction pay per year? Mecum Auto Transports service isnt overnight, but the prices are reasonable. To be sure, Mecum auctions some pricey iron, but the ordinary and even sometimes the ridiculous cross the block as well. The 5.7-liter Chevy crate motor was worth that. Andrey knows everything from warm-up to hard workout. Just look back at the 2019 event for a taste. 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. In Kissimmee, Florida, there are no mountains, with the possible exception of Space Mountain and a few other manmade structures at nearby Walt Disney World. They have nine grandkids between them. Dana and Patti currently live in the Geneva Lakes area of Southeastern Wisconsin. The original Multipla invented its own class back in 1956. Technology, performance and design delivered to your inbox. The journey to get here was anything from straightforward. | 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.]. She was born September 14, 1932, in Monmouth, IL, to the late Harry and Winifred Numbers. "The GTOs I am offering are all special cars," Mecum said in the listing. 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 Bad Weather Won't Ruin Your Vacation Anymore , Retirees Are Earning Up to $20,000 Per Month With. The number currently linked to Frank is (319) 524-6331 (Qwest Corp). I still have it. Dana Mecum's GTOs. 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Now when I get ready to come home Im coming home. Of course, Mecum Kissimmee also has plenty of showcase vehicles, but most might still be considered less sophisticated than, for example, the 1951 Maserati A6G/2000 Spider that Bonhams sold at Scottsdale for $2,755,000 last January. Coupled with over-communication and extensive training, we have been able to avoid much of the resistance to change normally experienced in an established organization. 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. 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." Or a flawless 2005 Mercedes-Benz SLK55 convertible for $12,100? The car was sold at the Mecum Auctions in Kissimmee, Florida. 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. 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. Recently news about the businessman Dana Mecum surfaced on the internet. The firm, based in Walworth, Wisconsin, is the global leader in the number of collector vehicles presented at auctions, the number of collector cars sold at auctions, and the host of the worlds largest collector car auction, held every year in Florida. 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. 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. Alternatively, you can have a $30,000 car with a $20,000 bid and if every seat is full, the guy will sell. Which, incidentally, he did. Mecum Kissimmee 2021. 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. Growth requires change, and change is difficult for people. 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. There are no other seller fees on BaT. Through perseverance and with a deep passion for the industry, he has since grown the company into a thriving enterprise. Of course, with tremendous growth comes growing pains. Its three hours before show time at the Schaumburg, Illinois Convention Center. That one is going to bring more money. Cultivate an engaged following online with content recorded by this $150 drone two-pack. 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. 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. 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? 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. In more recent years, Mecum has branched into collectible farm tractors, motorcycles, and road art. 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? So I had these 40 and 15 of my own and decided to have an auction. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Finally, my wife, Karen, and I have always lived by the motto, "Leave it better than you found it." So thats a challenge going forward. Dana Mecum We engaged every employee in the process of planning for our future and the changes we were going to need to undertake. Just do what's right, and in the long run, it will be the right decision. In existence for more than 25 years, Mecum Auctions hosted their first auction in 1988 at the Rockford Airport. If they are, its easier to get them to a decision. 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. So you got over your concerns about the economics of aircraft ownership? Mecum Auctions Survived 2020 Thanks to Big Changes and a Little I got a Citation Ultra in 2011 and moved up to an Excel in 2015. Dana Mecum Death - Obituary - Dead - Cause of Death News . 6 Who bought the Bullitt Mustang at the Mecum auction? It unfortunately ended in disaster when the auction was hit by a freak storm that included 90mph winds. Another thing for a first-timer: dont ever go to an auction alone. Also, say you have two $1 million cars and one has been in five They have four sons all of whom are active members of the Mecum team. 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. We built and launched a new website. WebYou dont have to own them to enjoy them, Mecum answers. And if you get there early, youll also find a bunch of cars that just about anyone can afford. 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. 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. The Mecum Auctions show is revving up. You Tell Us: How Do You Value the Bullitt Mustang, Something Thats One of One? Menu. So far, we have used it to sell more cars. 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. All net worths are calculated using data drawn from public sources. The top sold car at the 2019 event was a Ferraria 2014 LaFerrari that went for a healthy $3.3 million. Dana Mecum is the CEO of Mecum Auctions, one of the industrys most well-known collector car Lot F89. There is a minimum commission of $125 to $650 depending on your motorcycles position. 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. Since then, she has left the spotlight and is now a show creator for businesses in Los Angeles. 1954 Kurtis 500S Roadster. Is Your Leadership Style More Steve Jobs or Elon Musk? Dana Mecums GTOs. 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. Thats a big concern. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media Inc. Dave Magers discusses preserving a great brand's heritage while taking risks to grow its reach. Leadership Lessons From the CEO of the Largest Car The business was started in 1988 by Dana and Patti Mecum around their kitchen table in Marengo, Illinois. (Answers have been edited and condensed for clarity.). It is a great discussion on human resistance to change and how to overcome it. 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. 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 was born in 1954 in Monmouth, Illinois, the son of renowned fleet dealer Edward Mecum. Back in 2008 former Top Gear host Chris Evans bought the car for 5.6 million. The lesson, we suppose, is that moving a mountain isdifficult. If you continue to use the site, we will assume that this suits you. McKim was generally believed to have passed away in March 2020. Dana, a businessman, is married. Mecum 1932 Ford Hi-Boy Roadster Spencer II. Seller checks are then mailed within 5-7 business days. Mecum will also quote you for vehicle transportation to the auction site if you desire. 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. Born in Monmouth, Illinois, in 1954, Dana Mecum was the son of famed fleet salesman Edward Mecum. Do you remember me? Mecum not only remembers, he recalls where they first met. Altogether in 2017, Mecum will handle some 20,000 consignments, including 14,000 cars, and generate revenues in excess of $400 million. The confusion began when an obituary was run of his deceased close friend, Bill Grams, and media outlets began mistakenly reporting Mecum as deceased. In 2009, we sold a 1965 Shelby Daytona Cobra coupe for $7.25 million. Dana and Patti live in Southeastern Wisconsins Rock-and-roll legend Jerry Lee Lewis consigned a 57 Harley-Davidson that was given to him by the motorcycle manufacturer. 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. Starting in 2013, we began to make considerable investments in the brand and in Mecum as an entertainment company, not just an auction company. 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. Mecum understands diverse tastes and does not discriminate. In March 2020, Mecum was widely rumored to be dead, however, the businessman is still very much alive. The collection includes some rare, desirable, and low-mileage GTOs. Mecum Auctions 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.. The models had scores of 1 out ofumer Reports. Houston, 1000. Courtesy of Mecum Auctions, Inc. Dana Mecum, the founder and president of Mecum Auctions, is auctioning off several Its important to have a crowd [at an auction], whether theyre bidders or just attendees. Auction executives credit founder Dana Mecum with identifying Florida as a key state. Mecumwho runs the Wisconsin-based, 300-plus-employee business with his wife, Patti, four sons, and CEO Dave Magersgrew up in the car business. To him, youre a fellow car guy, and thats all that matters. And grew. Dana Mecum net worth is $45 Million. The Dana Mecum net worth and salary figures above have been reported from a number of credible sources and websites. Sure, you think of the extra business you can get to with a plane, but nothing beats just getting home every night. Dana and Patti presently reside in Southeastern Wisconsins Geneva Lakes region. An exclusive behind the scenes look at Mecum Auctions Mecum and his wife, Patti, have four kids and nine grandchildren. Mecum and his wife, Patti, are the parents of four kids. Courtesy of Mecum Auctions, Inc. 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 Mecum Auction Company is the worlds largest auction house for antique, vintage, and collectible cars and motorcycles. Born in Monmouth, Illinois, in 1954, Dana Mecum was the son of famed fleet salesman Edward Mecum. The Mecum Auction Company is now the largest antique, vintage, and collector car and motorcycle business in the world. Otherwise, the crowd quits bidding on that collection because they think the seller isnt serious. Andrey is a coach, sports writer and editor. Mecum itself has been the largest auto auction company since 2011. Barrett-Jackson Auction employees rate the overall compensation and benefits package 2.2/5 stars. The point being is that you will never get it exactly perfect the first time. Mecum is known for his enthusiastic style and catchphrases, such as Bring a trailer! and Fair warning! I used to have Corvettes and muscle cars, because those are the cars I was driving when I was a kid. Who bought the Bullitt Mustang at the Mecum auction? 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. Mecum drove his mother's GTO a bit when he was 16, before eventually owning a '66 GTO convertible of his own. The series takes a behind-the-scenes look at Mecum Auctions, America's biggest collectable car auction facility. Lexus SC430. Business Jet Traveler is a publication of AIN Media Group, Inc., 214 Franklin Avenue, Midland Park, NJ 07432. Franks reported annual income is about $100 149,999; with a net worth that tops $100,000 Its owned by American What started in 1988 with little more than a few helpers He said, You know, youre going to lose a lot of money, and I said, Yeah, but Im going to get a lot of sleep. So a guy from North Carolina shows up with 40 collector cars and I traded him the rest of my trucks for the cars. His money was gained as a result of his enthusiasm for automobiles. Now theyre down to a delay of only 1.5 seconds. We now have limitless entertainment [revenue potential] if we can learn to harness it. For Mecum, those investments made many years ago have driven the explosion of the company's success, particularly in recent years. Entrepreneurs do what they do because they have a passion for it. We think entertainment can be 25 times the size of our regular business. Although Mecum was one of the largest in the collector car auction business, it was not the most recognizable brand. The 1968 Bullitt Mustang sells for $3,740,000 at Mecum Kissimmeeures the crown for most valuable Ford Mustang in the world. His achievement stems from the ascension of diligent labor. Dana Mecums Favorite Race Car The other thing is come to an auction [before buying] and practice bid in your mind. I think every employee felt they had input into the process and were invested in our success. More than 30 years ago, when Dana Mecum started his eponymous auction company at his dining room table, he might not have pictured the current combination of in-person and virtual bidding, but it has helped them grow tremendously. 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.? Dana Mecum, the founder and president of Mecum Auctions, is auctioning off several muscle cars from his personal collection.