Dana, a businessman, is married. Where do you see the business going from here? Dana and Patti presently reside in Southeastern Wisconsins Geneva Lakes region. 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. There is one exception to the dress code: president Dana Mecum. I think every employee felt they had input into the process and were invested in our success. 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. They tell me I owe $5.43 tax but they wont let me pay them. At Schaumburg, you could have bid on a 1996 Ford F-150 pickup or, for you ice hockey aficionados, a 1992 Zamboni. 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. Kraman hired on with Mecum in 2006 to help Dana take the company to the next level, he said. 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. The company hosts various auction events across the United States. Its one of the best decisions Ive ever made. 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. 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. His wifes name is Patti Mecum. As it did in 2019, the house is advertising that it expects 3500 vehicles for the 2020 auction. Then I had a flight from OHare. Since 2003, Business Jet Traveler has been providing subscribers in more than 150 countries with aviation and lifestyle news, reviews, and features. WebThe businessman Dana Mecum is a married man. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. 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 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. I like to tell my staff, "Even the Constitution has 27 amendments." Also know about Dana Mecum bio, salary, height, age weight, relationship and more Dana Mecum Wiki Biography Dana The journey to get here was anything from straightforward. Ferrari F40. Second place isnt evenclose. How about a 2008 Pontiac Solstice GXP for $6600? But every time they go higher, the lane gets thinner. And if you get there early, youll also find a bunch of cars that just about anyone can afford. 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. Subaru. The 5.7-liter Chevy crate motor was worth that. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Other annual events include a massive $100 million extravaganza each January in Kissimmee, Florida, which lasts for 10 days and boasts 3,000 cars on show. Now when I get ready to come home Im coming home. Muhammad unfortunately did not have access to bulldozers, but Larsondoes. According to ZoomInfo records, Dana Mecums professional experience began in 2020. To be sure, Mecum auctions some pricey iron, but the ordinary and even sometimes the ridiculous cross the block as well. It took me two hours to drive to the airport. Send us a note: tips@thedrive.com. In turn, Dana and his wife raised Frank and his three brothers, all of whom are now in the car auction business. Ive told the other consignment guys, if they have a quick deal and other things to do, use the plane. Since 2011, it has been headquartered in Walworth, Wisconsin. The Dana Mecum net worth and salary figures above have been reported from a number of credible sources and websites. If theres no one in the audience, you can have a $30,000 bid and the guy wont sell. Kansas City, 700. How much did the Bullitt Mustang sell for at Mecum auction? Who bought the Bullitt Mustang at the Mecum auction? I used to have Corvettes and muscle cars, because those are the cars I was driving when I was a kid. Dana Mecum's GTOs will cross the auction block during Mecum Auctions' Indianapolis sale, which will take place from July 10 through July 18. The rarest car in the world is Ferrari 250 Grand Turismo Omologato, a rare diamond designed and cared for by Enzo Ferrari in personam. 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. Jan 29, 2021. Webdana mecum lake geneva house dana mecum lake geneva house In todays marketplace, the restorer comes into it as well. 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 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. Mecum Auctions, which has been in business for almost 25 years, had its inaugural auction in 1988 at the Rockford Airport. I got a Citation Ultra in 2011 and moved up to an Excel in 2015. "I wouldnt call it an investment, but its something with tangible value and it brings ego and satisfaction.". The collection includes some rare, desirable, and low-mileage GTOs. 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. These things have helped him get to where he is now one of the richest people on Earth. Mecum Auctions, which has been in business for over 25 years, had its inaugural auction in 1988 at the Rockford Airport. His money was gained as a result of his enthusiasm for automobiles. Many of the cars are sold without reserve, meaning the owner will accept the highest bid, whatever it is. Any thoughts about your next plane? Dana and Patti have four sons, all of whom serve key positions within the Mecum team, and nine grandkids. John also knows what the future holds for the current Dodge lineup. Features What is Frank Mecum net worth? In 2020, they lost four events and postponed three of them, and their 200+ workforce scrabbled to adapt. 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.. Among many other things, we moved our TV programming to NBCSN to extend our reach to viewers outside of the traditional, hardcore car people. Mecum Kissimmee 2021. 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 entrepreneur is alive and well. Dana Mecum saw that. He is mainly involved in weightlifting. Mecum will also quote you for vehicle transportation to the auction site if you desire. 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. 1970 Dodge Challenger R/T Convertible Pilot Car. 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. Hey, Dana, I brought my nephew, says one. Mecum was the son of Edward Mecum, a well-known fleet dealer. It was founded by Dana Mecum in 1988, and was originally based in Marengo, Illinois. It has changed quite a bit since pencil and paper, but the auctioneers cadence remains the same. 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 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. More >. They have four boys, all of whom are active Mecum team members. An admission ticket, just to watch, costs $20. Position: Founder/president, Mecum Auctions, Transportation: 1999 Cessna Citation Excel. Now, the company typically holds more than one auction every month with an inventory of about 15 thousand cars annually. Trending. | 8 steps to mechanically inspect that potential purchase, 5 one-off auctions to watch | 2022 Monterey preview, Buying and selling classics in the days of COVID and beyond, Bid Garage Launches a New Way to Buy and Sell Collector Vehicles. Be transparent to a fault. I used to fill the seats when we would go to an auction for economy but I got past that. It is a great discussion on human resistance to change and how to overcome it. 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. Dana Mecum is an American auctioneer and founder of Mecum Auctions, one of the worlds largest auction companies for collector cars. Dana Mecum's GTOs. Every time the prices go up, what is considered investment grade gets thinner. Plymouth Prowler. For Mecum, those investments made many years ago have driven the explosion of the company's success, particularly in recent years. He had a pretty good reason. 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. So Robb Larson is moving the lake, fish and frogs and all. 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. Otherwise, the crowd quits bidding on that collection because they think the seller isnt serious. Meanwhile, the plane is delayed an hour for some other reason, and finally they let me on. This address is also associated with the name of Ashley L Jones, David E Lorentzen, and four other individuals. His money was earned as a result of his enthusiasm for automobiles. He always tanks up where fuel is cheap. I bought 40 semi tractors. Although Mecum was one of the largest in the collector car auction business, it was not the most recognizable brand. 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. 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. WebGus grew up in Chicago and today resides in Huntley, Illinois, with his wife, Dana, and their two sons, Dylan and Ryan. By 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. How would you describe an honorable person? Mecum understands diverse tastes and does not discriminate. The businessman Dana Mecum is a married man. They welcome adversity and challenge. WebDana Mecum Founded 1988 Company size 501 to 1,000 Revenue $25M to $100M (USD) Industry Auctions & Galleries Headquarters 445 South Main Street, Wa Mecum Auctions Inc. website Nobody sells more than Mecum. Rare does not necessarily mean valuable. Top 250 Movies Most 4 How much did the Bullitt Mustang sell for at Mecum auction? It runs through July 18. So enjoy what you are buying and know something about it. His father was the largest fleet dealer in the U.S. at one time. The key to funding for entrepreneurs is to look for strategic capital, not just capital. Lot F120. How Our Fees Work. My first one was a Rex Mays Gilmore Special that was on the pole at Indy in 1935 and 1936. 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. Mecum rule: if you raise your own bid to meet the reserve, the car is yours! By We know Mecum Kissimmee works, but we hung around backstage to learn how and why. When we land, my phone rings. Apr 5, 2023 Finally, my wife, The legend suggests that in 610 A.D.give or take a decadethe Prophet Muhammad, in order to impress upon his audience that his teachings were appropriately incandescent, commanded the nearby Mount Safa to come to him. The consent submitted will only be used for data processing originating from this website. About 19 or 20 years ago, Mecum purchased the 1934 Gilmore Special, a racing car built by Myron Stevens for Art Sparks and Paul Weirick. The average Barrett-Jackson Auction salary ranges from approximately $47, for Consignment Specialist to $117, for Software Developer. | From the Jan. 2020 issue Altogether in 2017, Mecum will handle some 20,000 consignments, including 14,000 cars, and generate revenues in excess of $400 million. Dana Mecum has always been a car guy and comes from a long car-focused lineage. Dana Mecum: Wiki, Bio, Age, Family, Career, Weight, Wife, Net Worth, Siblings, birthday, school, Hometown:Dana is the president and creator of Mecum Auctions, which he started with the aid of his wife Patti and a few close friends from his kitchen table in 1988. The entire family is heavily involved in the business. However, the brand recognition and strength in the marketplace was not representative of the success of the business. How has the plane enhanced your bottom line? It is one of just 12 produced in 1971 and one of only three equipped with the factory A833 4-speed manual transmission. But if you bid and win, youll pay a 10 percent buyers premium on your purchase, with a $1,000 minimum. 2023 Motorsport Marketing. So far, we have used it to sell more cars. We think entertainment can be 25 times the size of our regular business. Mazda. Dana Mecum Death Hoax Debunked: Is He Dead Or Alive? 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. We and our partners use cookies to Store and/or access information on a device. At Mecum Kissimmee, theres something for everybody. Pin. He amassed his fortune thanks to his passion for cars. 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. No matter how much better, how small the improvement, if everyone were to aspire to that motto, the world would continue to improve. Yes, everybody in business likes to make a profit, but for an entrepreneur, I don't think that is top of mind. So a lot of mind games go on. They have nine grandkids between them. Andrey is a coach, sports writer and editor. 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. We built and launched a new auction management and online bidding system. Included in the offerings are classic and collector cars, antique motorcycles, antique farm tractors and auto memorabilia. 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. Analysts include John Kraman, who usually shows up early to help set up the broadcast; racer/writer Stephen Cox; and automotive and drag racing guru Bill Stephens. 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. It unfortunately ended in disaster when the auction was hit by a freak storm that included 90mph winds. We use cookies. Dana Mecum overall profits are growing every day, and he is also becoming more popular. Many other investments in addition to these examples were made over several years. Theres another desk that researches titles. 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. You dont have to own them to enjoy them, Mecum answers. I watch you on TV all the time, says a third attendee. Updates will be given soon. The sprawling Osceola Heritage Park, just south of Orlando, hosts dozens of events, from the Jehovahs Witnesses convention to the Florida Stamp Show to the North American Grappling Associationchampionships. Related: Harlem Pilates Founder: 'It's So Gratifying to Know You're Doing Exactly What You Should Be Doing'. Technology, performance and design delivered to your inbox. All rights reserved. In existence for more than 25 years, Mecum Auctions hosted their first auction in 1988 at the Rockford Airport. He has been married for many years, and his wife has always been very supportive. And finally, theres the TV package, which helped launch Mecum toward worlds-largest status. Mecum rule: if you raise your own bid to meet the reserve, the car is yours!. Related: His Drive to Help His Wife Fight a Disease Led to the Launch of a Health and Wellness Business. The entire family is strongly invested in the Company. "My wife and I go to (Mecum) auctions all over the country," Hovas said. The models had scores of 1 out ofumer Reports. We welcome all corrections and feedback using the button below. Dana and Patti currently live in the Geneva Lakes area of Southeastern Wisconsin. He has an estimated net worth of $100 million. 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 has always been a car guy and comes from a long car-focused lineage. The Ultra couldnt make trips to the West Coast without stopping for fuel. They have four sons all of whom are active members of the Mecum team. In the event of a Wire Transfer, payment may not arrive until the first business day after the auction. Oh, theres some weirdness, but its mostly entertaining weirdness. I still have it. Mecum, a businessman, was recently featured on the internet. Dana and Patti presently reside in Southeastern Wisconsins Geneva Lakes region. 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 Now we have thousands of people who come and will never buy a car. Indeed, his wife, Patti, works the auctions, as do their four sons. Lake Geneva, Wisconsin (WI), US. More importantly, we were able to demonstrate that it could be done safely. Dana Mecum, the founder and president of Mecum Auctions, is auctioning off several muscle cars from his personal collection. They help oversee the 200-odd employees who make these events happen. Ive seen it a thousand times: a guy turns down the best offer hell ever get because there arent enough people in the room. And two, for the same reason, the older generation wants power steering so they dont have to wrestle with it any more. Its three hours before show time at the Schaumburg, Illinois Convention Center. 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. Dana Net Worth: Mecum is a wealthy American businessman with a fortune of $45 million. Starting in 2013, we began to make considerable investments in the brand and in Mecum as an entertainment company, not just an auction company. His money was earned as a result of his enthusiasm for automobiles. Twenty years ago, all Duesenbergs were worth a million bucks. What percentage does Mecum Auctions take? 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. It's about building something and creating a legacy. $19,250. WebThe residency of Frank is at 919 Carroll Str, Keokuk, IA 52632-4225. Like. Dana Mecum Net Worth: Dana Mecum is an American businessman who has a net worth of $45 million. Mecum Auctions Before the pandemic, absentee bidding was less than 10%, and its currently averaging 20-30%. I was looking at King Airs, but a friend told me I should really be looking at a jet. The other thing is energy. When did you start flying privately? 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. Or an oddball VW-based 1969 MG TD replica for $8800? WebYou dont have to own them to enjoy them, Mecum answers. Just do what's right, and in the long run, it will be the right decision. By Steven Cole Smith Mecum and his wife, Patti, have four kids and nine grandchildren. Mecum Auto Auction, which is currently televised on Discovery HD Theater, was founded by his passion for vehicle collectibles and muscle cars. 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. 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. But, whispered a Mecum executive, I really like the sound of4000.. However, the businessman has yet to reveal any information regarding his actual birthdate. 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.? That was part of how I got sick: I was trying to do everything. Executive coach and Merging Path CEO Brooks E. Scott reveals what employers should do to stop burnout before it starts. As a result, the Mecum Auction Kissimmee will continue to grow. WebThe businessman Dana Mecum is a married man. 0 Comments. She was born Sept. 14, 1932, in Monmouth, Illinois, to the late Harry and Winifred Numbers. Money isnt as important as quality of life. Andrey knows everything from warm-up to hard workout. 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 Mecum Auction Company is the worlds largest auction house for antique, vintage, and collectible cars and motorcycles. And if that formula works, he said, I certainly have no plans to change it.. In southeast Wisconsins Geneva Lakes area, Dana and Patti reside. Has four children, nine grandchildren. Im 63 now. The other thing is that now we have two business models. Continue with Recommended Cookies, Your email address will not be published. By far. So thats a challenge going forward. They have nine grandkids between them. Rock-and-roll legend Jerry Lee Lewis consigned a 57 Harley-Davidson that was given to him by the motorcycle manufacturer. In March 2020, Mecum was widely rumored to be dead, however, the businessman is still very much alive. Later in life, I realized how profound that simple statement was. I was on a customers Falcon 7X a few weeks ago, and that was really nice. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Sellers can be emotional about their cars. Friday marks the start of Dana Mecums 33rd Original Spring Classic Auction. Dana "Dealmaker" Mecum and his beautiful wife Patti celebrating 25 years in Indianapolis, Indiana! What was your thinking? Which would be, as it already is, just enormous. Ford Scorpio mk2. We built and launched a new website. But the crown jewel of the Osceola Heritage Park is the annual Mecum Auction, scheduled for January 212, 2020. Buyers pay a 5% fee on top of the final sale price to BaT, with a minimum of $250, and capped at $5,000. Finance companies simply want to sell their vehicles at a reasonable price and be done with it. 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. Cultivate an engaged following online with content recorded by this $150 drone two-pack. The businessman was born in the year 1954. His enthusiasm for automobile collectibles and muscle cars inspired him to start Mecum Auto Auction, which is presently broadcast on Discovery HD Theater. Thats a big concern. 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. Were really a family business that grew up and got big, understates Dana Mecum, company president. Lot F88. 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. 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. 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. Related: How These Food Entrepreneurs Went From Barely Staying Afloat to Having Hour-Long Lines. Share. Dana Mecum. Dana Mecum Bio, Height, Weight, Profile, Net Worth, Sara Metts Bio, Age, Wiki, Height, Husband and Net Worth. In turn, Dana and his wife raised Frank and his three brothers, all of whom are now in the car auction business. Proving that theres no accounting for taste, someone anted up $4400 for it. Weve got nine grandkids, and we like to go places. Eleanor (Mustang) Fiat Multipla. Mecum and his wife, Patti, have four sons together and nine grandchildren. 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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. You did something unusual in a family-owned business in that you hired an outside CEO. Thanks to television, the auctions reach a wider audience, providing 600 hours of annual programming on NBCs Sports Network, where the events draw more viewers than anything except Europes Premier League football. | Posted in 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. 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. Nine out of 10 attendees will not bid; rather, they come just to ogle at precious metal and recall a youth long past. 6 Who bought the Bullitt Mustang at the Mecum auction? 1965 Shelby 289 Cobra CSX2588. Articles may contain affiliate links which enable us to share in the revenue of any purchases made. We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023. What made you decide to buy the Ultra? Residential Links: www.mecum.com By: Champion3 Advertisement Around the World Mailing List Advertisement Gregg Kunes' house Yerkes Observatory James Athan's 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. Which, incidentally, he did. How many deaths are caused by flu each year. Wiki, Bio. Were in the air two or three days every week. Theyve seen the world and are happy in their marriage. Dana, Ive been coming since 1988, says another. Mecum itself has been the largest auto auction company since 2011.
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