What is Dana Mecum doing with his GTOs?
Dana Mecum's GTOs. Dana Mecum, the founder and president of Mecum Auctions, is auctioning off several muscle cars from his personal collection. The selection of cars — eight Pontiac GTOs spanning from 1964 to 1970 — will cross the auction block at Mecum's Indianapolis sale from July 10 through July 18.
Who is the CEO of Mecum Auctions?
Dana Mecum is the CEO of Mecum Auctions, one of the industry’s most well-known collector car auction companies.
How many cars does Mecum Auction each year?
Altogether in 2017, Mecum will handle some 20,000 consignments, including 14,000 cars, and generate revenues in excess of $400 million. For generations of Americans who came of age with octane in their blood, a Mecum event is more than just a car auction; it’s a bucket-list item.
Where is Dana Mecum now?
bios | Dana Mecum Dana and Patti reside in the Geneva Lakes area in Southeastern Wisconsin and have four sons—all of whom play important roles within the Mecum team—and nine grandchildren.
How much is Dana Mecum worth?
Dana Mecum is an American businessman who has a net worth of $50 million. Dana earned his fortune as the founder of the car auction company, Mecum Auctions. Today Mecum Auctions is one of the largest antique, vintage, and collector car and motorcycle auction businesses in the world.
Who pays the fees at Mecum?
Mecum Auctions pays the seller when payment is received and confirmed from the buyer. In the event of a Wire Transfer, payment may not arrive until the first business day after the auction. Seller checks are then mailed within 5-7 business days.
How much does Mecum charge to sell your car?
Mecum will also quote you for vehicle transportation to the auction site if you desire. If your car does sell, great, but know that you'll pay a seller's commission—5 percent of hammer price without reserve, 10 percent with a $1,000 minimum on eight of the auction's 11 days.
How much does Mecum make a year?
Mecum Auctions is pleased to report resounding live auction success for calendar year 2021, resulting in $578 million in total sales with a 90% overall sell-through rate—the highest annual total ever achieved by a U.S. domestic-based live collector car auction company, and the highest total achieved in the entire ...
Does Mecum own 303?
0:251:102017 Mecum Auctions Indianapolis - 303 Automotive - YouTubeYouTubeStart of suggested clipEnd of suggested clipSo 303 leather care is an amazing product it's the best way to protect your leather it has theMoreSo 303 leather care is an amazing product it's the best way to protect your leather it has the highest UV protection in it you're not going to get the fading.
What percentage does Mecum get?
At our auctions, these entries really do stand out and garner additional attention from bidders. They also benefit by receiving a reduced commission rate, as the standard 10% seller's commission with a reserve is reduced to 6% for no-reserve entries.
Which auction is bigger Mecum or Barrett-Jackson?
So looking at the number of cars sold the nod goes to Mecum's with 1,811 cars sold, 35% more than their Scottsdale rival Barrett-Jackson who sold 1,343. Perhaps the top three categories for a successful auction are consignments, cars sold, and dollar sales.
What is Barrett-Jackson's fee?
(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 buyer's premium 15% of sale price live (17% absentee/internet) and seller's commission (15% of sale price).
Does buyer pay a fee at Mecum?
What Is the Mecum Buyer's Premium? If your bid is successful, you will pay Mecum buyer fees. While the buyer's premium can depend on the event, the premium for the Mecum Las Vegas motorcycle auction is: 10% standard premium at the event.
What is the highest selling car at Mecum auction?
Leading all sales for the event was the 1965 Shelby GT350R Prototype (Lot S160)—recognized as the most historically significant Shelby Mustang in the world and driven by Ken Miles to claim its “Flying Mustang” moniker.
Can anyone buy at Mecum Auctions?
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.