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Shirley Jean Mecum, 87, of Fontana, WI, passed away on Monday, August 24, 2020, at home due to natural causes. Pontiac Aztek. They have four sons all of whom are active members of the Mecum team. So enjoy what you are buying and know something about it. Provide frequent detailed updates on progress. All net worths are calculated using data drawn from public sources. WebYou dont have to own them to enjoy them, Mecum answers. Since then, she has left the spotlight and is now a show creator for businesses in Los Angeles. Save my name, email, and website in this browser for the next time I comment. Were really a family business that grew up and got big, understates Dana Mecum, company president. Im a car guy, but I dont own anything like this.. My wife asked me what I was going to do. The lesson, we suppose, is that moving a mountain isdifficult. Mecum (B) Should Buyer default upon his purchase in any manner, for any reason, Buyer agrees to pay Barrett-Jackson the full sum of both the buyers premium 15% of sale price live (17% absentee/internet) and sellers commission (15% of sale price). 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. And thanks to David Morton, manager of communications and event marketing for Mecum, nothing and no one was off limits. 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. If a seller insists on a reserve, its 10%. However, the brand recognition and strength in the marketplace was not representative of the success of the business. 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. Lately, his popularity is flying in the sky. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. When looking for financing, make sure you are clear in your description of your vision, what you intend to accomplish, how you intend to get there, and what the result of your efforts will be. Dana Mecum net worth is $45 Million. WebMecum Auctions is an American auction company specializing in collector cars. Scottie Barnes Mother: Everything You Need to Know, On Instagram, who is @1800savemary, also known as Mary Magdalene? Mecum Auctions Survived 2020 Thanks to Big Changes and a Little Related: His Drive to Help His Wife Fight a Disease Led to the Launch of a Health and Wellness Business. 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? 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. 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. Is Your Leadership Style More Steve Jobs or Elon Musk? Lexus SC430. His wifes name is Patti Mecum. Mecum gets so many numbers-matching vehicles that the company employs a team of researchers to verify them. by Spencer Johnson many years ago during my career in the financial services sector. Edward Mecum became the nation's largest fleet dealer until the 1980s, when high-interest rates temporarily wiped out his business. vZUY8nqSWWO69ZeDWWlVMxZNgYdw6DC7CLJ6f0IxCGYrWj32oaG9T0fZ6vjlUktT, Highland Green 1967 Ford Mustang GT driven by Steve McQueen in the film Bullitt,. It unfortunately ended in disaster when the auction was hit by a freak storm that included 90mph winds. 4 How much did the Bullitt Mustang sell for at Mecum auction? They welcome adversity and challenge. Tweet. So thats a challenge going forward. Dana was born in 1954 in Monmouth, Illinois, the son of renowned fleet dealer Edward Mecum. Mecum Courtesy of Mecum Auctions, Inc. Dana Mecum, the founder and president of Mecum Auctions, is auctioning off several An admission ticket, just to watch, costs $20. We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023. Even put the N number registration I wanted on itN50LD [for SOLD]. 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. Seeing as his father owned a Pontiac dealership, GTOs have been a part of Mecum's life since he was a kid. Submit a correction suggestion and help us fix it! #MecumIndy youtube.com Dana and Patti Mecum Celebrate 25 Years 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. We sold Steve McQueens Porsche for $2 million. 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. Cultivate an engaged following online with content recorded by this $150 drone two-pack. How Our Fees Work. I loved the romance and the history about them, and I really liked the fact that customers werent always wanting my car. He takes a floor-level seat on the auction block and the customers begin approaching. dana mecum Dana Mecum - Net Worth April 2023, Salary, Age, Siblings, Bio, 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 Rick Treworgy's Muscle Car City is one of the biggest collections of high-performance American cars in the world. 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.? WebThe businessman Dana Mecum is a married man. Audi RS2. I live by several. 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. Pay or walk away? 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. Dana Net Worth: Mecum is a wealthy American businessman with a fortune of $45 million. Mecum remains a family-owned company with Dana, Patti and their four sons all actively filling roles in the company today. 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. Every time the prices go up, what is considered investment grade gets thinner. 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 Mecum Death | Obituary | Dead | Died | Funeral Plans - It is with great sadness to announce the passing of Dana Mecum. Al Gordon was the first person to drive the car back in 1934. You cannot own everything, but you can keep track of the cars you love.". Since 2003, Business Jet Traveler has been providing subscribers in more than 150 countries with aviation and lifestyle news, reviews, and features. It hadnt been seen in 40 years, Frank said. For instance, there's a one-of-a-kind gold GTO that was given away during a marketing campaign in 1965. Which would be, as it already is, just enormous. 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. Mecum auctions are family-friendly events open to buyers, sellers and spectators making them easily accessible for everyone to enjoy, and there are many different options for getting in on the auction action. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. So my two-and-a-half-hour flight winds up taking nine hours when you count the drive to the airport. Whats the most expensive car youve sold? To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Mecum drove his mother's GTO a bit when he was 16, before eventually owning a '66 GTO convertible of his own. We now have limitless entertainment [revenue potential] if we can learn to harness it. Now we have thousands of people who come and will never buy a car. Dana Mecum Net Worth | Celebrity Net Worth The business was started in 1988 by Dana and Patti Mecum around their kitchen table in Marengo, Illinois. Long-term we think it will be OK, but the era I come from, everyone had gas and oil in their veins. 6 Who bought the Bullitt Mustang at the Mecum auction? The commission is 10% of the hammer price if you have a reserve price which applies if you accept the last bid. 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. Honda. (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. We know Mecum Kissimmee works, but we hung around backstage to learn how and why. Theyve seen the world and are happy in their marriage. His enthusiasm for automobile collectibles and muscle cars inspired him to start Mecum Auto Auction, which is presently broadcast on Discovery HD Theater. It also claims a number-one rank in the U.S. with number of auction venues and total dollar volume of sales. Dana Mecum, the American businessman and creator of Mecum Auctions, has been the subject of significant conjecture in recent years. The confusion began when an obituary was run of his deceased close friend, Bill Grams, and media outlets began mistakenly reporting Mecum as deceased. 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). 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]. Hey, Dana, I brought my nephew, says one. Ive told the other consignment guys, if they have a quick deal and other things to do, use the plane. Dana Mecum Patti Mecum is his wifes name. 2022Recurrent Ventures. 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. She was born Sept. 14, 1932, in Monmouth, Illinois, to the late Harry and Winifred Numbers. We built a new stage and TV set. Oh, theres some weirdness, but its mostly entertaining weirdness. Copyright 2023 Entrepreneur Media, Inc. All rights reserved. More importantly, we were able to demonstrate that it could be done safely. Following the death obituary of Danas friend Bill Grams, several websites reported the death of Mecum, the auction house owner. Later in life, I realized how profound that simple statement was. Mecum Has four children, nine grandchildren. Since 2011, it has been headquartered in Walworth, Wisconsin. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. "The GTOs I am offering are all special cars," Mecum said in the listing. 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. Whats next in auction trends? 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. Currently, Dana Among many other things, we moved our TV programming to NBCSN to extend our reach to viewers outside of the traditional, hardcore car people. I think every employee felt they had input into the process and were invested in our success. Courtesy of Mecum Auctions, Inc. Patti Mecum is his wifes name. Health Update. Inside and in adjacent circus tents sit 795 carseverything from a much-coveted 1937 Cord to a much-maligned 1976 Ford Pinto. In 15 years, the Mecum Auction Kissimmee has become the largest auto auction in the world. In 2014, we sold a 1964 Ford GT40 [prototype] for $7 million. Mecum will also quote you for vehicle transportation to the auction site if you desire. Dana Mecum Net Worth Jun 4, 2020, 7:34 AM PDT. Send us a note: tips@thedrive.com. Required fields are marked *. We get to a lot of business we wouldnt otherwise get because of the time factor. Mecum asked for $500,000 because thats how much debt he had. Dana Mecum Net Worth: Dana Mecum is an American businessman who has a net worth 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. Dana Mecum. Mecum specializes in American classics and muscle cars and touts a wider price range than its competition, but it doesnt miss out on some big-ticket items either. History was made on January 10, 2020 as the Mecum auction block arena at Oceola Heritage Park filled to capacity to watch history unfold. There have been speculations that he has been battling Cancer, but neither Mecum nor his Company has confirmed this. Dana Mecum's GTOs will cross the auction block during Mecum Auctions' Indianapolis sale, which will take place from July 10 through July 18. But Mecum isnt just any car guy. 1932 Ford Hi-Boy Roadster Spencer II. By His achievement stems from the ascension of diligent labor. Entrepreneurs do what they do because they have a passion for it. 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. So far, we have used it to sell more cars. Your credit or equity facilities need to have the capacity to be just as fluid. 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. 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I used to have Corvettes and muscle cars, because those are the cars I was driving when I was a kid. Today 80 percent are worth $750,000 to $1 million and the rest are worth $3 million to $10 million. In southeast Wisconsins Geneva Lakes area, Dana and Patti reside. And grew. Mecumwho runs the Wisconsin-based, 300-plus-employee business with his wife, Patti, four sons, and CEO 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. Dana Mecum Net Worth In 2009, we sold a 1965 Shelby Daytona Cobra coupe for $7.25 million. 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. Meanwhile, the plane is delayed an hour for some other reason, and finally they let me on. Dana Mecum. Although Mecum was one of the largest in the collector car auction business, it was not the most recognizable brand. 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. 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. And if that formula works, he said, I certainly have no plans to change it.. Also know about Dana Mecum bio, salary, height, age weight, relationship and more Dana Mecum Wiki Biography Dana 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 reliability for this car was very low. Im 63 now. The recession put a lot of those people out of business. The auction needed more room. Dana Mecum 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? Its three hours before show time at the Schaumburg, Illinois Convention Center. 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.. What is Frank Mecum net worth? IronSet As Chris Harris from Top Gear once said, there are far too many tasteless rich people for it not to exist. It went for $7700. With an annual inventory of around 15 thousand automobiles, the business now runs more than one auction every month. Dana Mecum: Wiki, Bio, Age, Family, Weight, Wife, Net Worth 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. Altogether in 2017, Mecum will handle some 20,000 consignments, including 14,000 cars, and generate revenues in excess of $400 million. Dana Mecum is an American auctioneer and founder of Mecum Auctions, one of the worlds largest auction companies for collector cars. When we land, my phone rings. Now when I get ready to come home Im coming home. 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. Or an oddball VW-based 1969 MG TD replica for $8800? But the crown jewel of the Osceola Heritage Park is the annual Mecum Auction, scheduled for January 212, 2020. Personal: Lives in Lake Geneva, Wisconsin, with wife Patti. Thats a challenge if you do business in just one state, but since Mecum cars and buyers come from all over the countryand, we learned, some states are a whole lot easier to work with than othersexperience pays off. An upgraded online sales platform added in January has been saving its bacon. Mecum Julia Carey is a TV producer. Because if you ever try to sell something you dont like or dont know anything about, youre going to have a hard time. Plymouth Prowler. So you got over your concerns about the economics of aircraft ownership? Did that Chrysler really come with a Hemi engine? Mecum was widely reported dead in March 2020, but the billionaire is still Muhammad unfortunately did not have access to bulldozers, but Larsondoes. Dana Mecum saw that. So a lot of mind games go on. Dana Mecum has always been a car guy and comes from a long car-focused lineage. I didnt know anything about trucks so I traded 10 of them for four rental houses. Dana Mecum Muhammad, thinking on his feet, then noted that it was a good thing God left the mountain where it was, because had it moved, it could have crushed themall. Theres another desk that researches titles. Year: Net Worth: 2020: $19 Million : 2021: $19.5 Million: 2022: 20 Million: although hes married. As it did in 2019, the house is advertising that it expects 3500 vehicles for the 2020 auction. Most Reliable Cars that Wont Break the Bank Toyota. We have 130 in the home office now. 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. The Mecum Auction Company is the worlds largest auction house for antique, vintage, and collectible cars and motorcycles. 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." Dana's focus, interest and expertise in the car business comes naturally from his family heritage. 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.. These things have helped him get to where he is now one of the richest people on Earth. Lot F120. A separate area deals with financing. Why is Mecum Kissimmee so big? Our planning resulted in Mecum returning to live events in late June of 2020. The entire family is heavily involved in the business. They have nine grandkids between them. The businessman is alive and healthy. We built and launched a new website. 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. Does Dana Mecum Have Cancer? Illness And Health Update Features Car shows, product launches, and automotive auctions nearly came to a halt this year for the sake of public health. In March 2020, Mecum was widely rumored to be dead, however, the businessman is still very much alive. He has subsequently built the firm into a flourishing corporation through tenacity and a genuine enthusiasm for the sector. Sellers can be emotional about their cars. Of recent note, the most significant challenge we have had as a live event company was, of course, the pandemic. Mecum Auto Auction, which is currently televised on Discovery HD Theater, was founded by his passion for vehicle collectibles and muscle cars. You don't need to know and be an expert in everything. Auction executives credit founder Dana Mecum with identifying Florida as a key state. Position: Founder/president, Mecum Auctions, Transportation: 1999 Cessna Citation Excel. Usually these fees are $1000 or less. Porsche Carrera GT. Like. Over the course of two months, the senior management staff developed a strategy, changed processes and developed an 11-page safety protocol plan to allow us to safely return to live event auctions with in-person buyers and sellers. Jan 11th 2021 at 5:45PM. After the death obituary of Danas friend Bill Grams, some internet sites also stated the death of the auction enterprise owner Dana Mecum. Of course, with tremendous growth comes growing pains. Dana and Patti presently reside in Southeastern Wisconsins Geneva Lakes region. And its getting bigger. How Mecum was Sold on Curing Kids Cancer - Mecum Magazine Compatible with the iPhone 14, it's just $99.99. And on January 10, the company auctioned off one of two 1968 Ford Mustang GT fastbacks Steve McQueen drove in the movie Bullitt. Ford Scorpio mk2. If you continue to use the site, we will assume that this suits you. They have four boys, all of whom are active Mecum team members. The rarest car in the world is Ferrari 250 Grand Turismo Omologato, a rare diamond designed and cared for by Enzo Ferrari in personam. The Indianapolis 33rd Original Spring Classic, previously the largest Mecum auction, 2000vehicles. How about a 2008 Pontiac Solstice GXP for $6600? Magers, a former insurance executive, Mecum Auto Transports service isnt overnight, but the prices are reasonable. Is she Pregnant? 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. The entire family is strongly invested in the Company. They look to surround themselves with those who excel at things they don't. A good example is Duesenbergs. According to ZoomInfo records, Dana Mecums professional experience began in 2020. A 2004 Porsche Boxster for $6600? In turn, Dana and his wife raised Frank and his three brothers, all of whom are now in the car auction business. Business Jet Traveler is a publication of AIN Media Group, Inc., 214 Franklin Avenue, Midland Park, NJ 07432. Regardless of whether it be equity or debt, look for a partner that brings something to the table besides just dollars. They live in the Geneva Lakes region in Southeastern Wisconsin. The consent submitted will only be used for data processing originating from this website. How did you get into this business? I watch you on TV all the time, says a third attendee. 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. 0 Comments. Yes, everybody in business likes to make a profit, but for an entrepreneur, I don't think that is top of mind. 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. 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. They have four boys, all of whom are active Mecum team members. Proving that theres no accounting for taste, someone anted up $4400 for it. It had been rumored it was here or there or crashed.. The head of one of the worlds leading auction houses is selling several classic muscle cars from his personal collection take a tour of the vehicles up for sale. 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. It is one of just 12 produced in 1971 and one of only three equipped with the factory A833 4-speed manual transmission. Entrepreneur Staff You can have a car with a value of $20,000. The Mecum Auction Company is now the largest antique, vintage, and collector car and motorcycle business in the world. Mecum Auctions pays the seller when payment is received and confirmed from the buyer. | He said he had one for me. In addition, theres Mickey Thompsons 1968 Bonneville Streamliner that Thompsons son, Danny, drove 448.757 mph; one of the 11 original Eleanor 1967 Ford Mustangs; and a 2019 McLaren Senna with 203 miles, the second of 500 built. It's about building something and creating a legacy. Mecum and his wife, Patti, have four kids and nine grandchildren. The business is going to grow and change. Other cars have a reserve, a minimum price that must be reached before the car will be sold.