What is the Mecum rule?
Mecum rule: if you raise your own bid to meet the reserve, the car is yours! If there’s one thing that Max loves more than anything, it’s cars! He could spend hours looking at them, and he always gets so excited when he goes to a car auction. Meet Dave Magers: CEO of Mecum Auctions.Would it be the most expensive car to ever sell at Mecum? Bidding started out strong, but then fizzled out at the $25 million mark and the car was a no sale. Bummer.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.Frank Mecum is the Consignment Director at Mecum Auctions. He also manages their consignment of over 15,000 automobiles annually.
Where is Mecum from?
Mecum Auctions, Inc. American auction company specializing in collector cars and motorcycles. It was founded by Dana Mecum in 1988, and was originally based in Marengo, Illinois. Since 2011, it has been headquartered in Walworth, Wisconsin. Mecum Auctions: Largest collector car auction with a focus on volume and variety. Barrett-Jackson: Known for its vibrant atmosphere, charity auctions, and extensive range of vehicles.It is fair to make a distinction: Barrett-Jackson organizes only four auctions a year, Mecum does roughly one a month and the one in Houston was not even among the most important ones.The auction house had been impacted by the Great Recession, and business did not fully recover until 2018. In 2021, Barrett-Jackson purchased the Phoenix-based Collector Car Network, which included several classic car publications and the Future Collector Car Show.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.
Who is the owner of 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. Through perseverance and with a deep passion for the industry, he has since grown the company into a thriving enterprise. Through perseverance and with a deep passion for the industry, he has since grown the company into a thriving enterprise. 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.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. Through perseverance and with a deep passion for the industry, he has since grown the company into a thriving enterprise.The company is still owned by founder and president Dana Mecum, who ran the business with his wife and four sons for decades.