Question: How did Mecum get started?

Born in Monmouth, Illinois, in 1954, Dana Mecum was the son of famed fleet salesman Edward Mecum. He founded the car auction company, Mecum Auctions, which began as a business around his dining room table. The Mecum Auction Company is the largest antique, vintage, and collector car and motorcycle business in the world.

Who started Mecum Auctions?

Dana Mecum Dana Mecum. 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.

Where did Mecum auction start?

Rockford Airport Mecum Auction has come a long way since its first event at Rockford Airport in Illinois back in 1988.

How many cars does Dana Mecum own?

Mecum in recent years has also branched out into motorcycles, collectible farm tractors, and road art, the former two driving their own events. Altogether in 2017, Mecum will handle some 20,000 consignments, including 14,000 cars, and generate revenues in excess of $400 million.

What is the Mecum rule?

Mecum rule: if you raise your own bid to meet the reserve, the car is yours!

What is Mecum commission?

In addition to the entry fee, Mecum Auction charges a commission for sellers. There is a minimum commission of $125 to $650 depending on your motorcycles position. The commission is 10% of the hammer price if you have a reserve price which applies if you accept the last bid.

What does it cost to bid at Mecum?

Daily tickets are $20 each when purchased online prior to the auction start. After the auction has started, Daily tickets purchased online are $30 each. Daily tickets sold at the gate are $30 each. At all auctions, children 12 and younger are admitted free of charge.

How much does Mecum charge to transport a car?

Auto auction transport costs ~$1 per mile for 1-500 miles. So, a 350 mile trip would cost $350. The longer the distance, the lower the price: Auto shipping ~1000 miles drops it to $. 75 cents a mile, or $750.

What percentage does Mecum Auctions take?

Vehicles/Motorcycles:In Person10%Telephone12%Internet12%

What is the most expensive car ever sold?

Ferrari 250 GTO In 2018, the Ferrari 250 GTO by Scaglietti chassis no. 3413 GT sold for $48.4 million and is currently the record for the most expensive car sold at auction.

How much does it cost to attend Mecum auction?

How much do tickets cost? Daily tickets are $20 each when purchased online prior to the auction start. After the auction has started, Daily tickets purchased online are $30 each. Daily tickets sold at the gate are $30 each.

Who does Mecum use to ship cars?

Mecum Auto Transport with uShip In order to transport a car from Mecum with uShip, you will first need to decide on which shipping method to use. There are two options: open transport or enclosed transport.

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