Mecum does not disclose what percentage they take from each sale, but it is rumoured to be around 10%. Dana earned his fortune as the founder of the car auction company, Mecum Auctions. Depending on the deal, they may also receive bonuses.Apr 5, 2021. Follow along with Mecum's social media news and join us on Facebook, Twitter, YouTube, Pinterest and Instagram. . Edward Mecum, a well-known Fleet salesman, had a son named Dana Mecum, who was born in Monmouth, Illinois, in 1954. Seeing as his father owned a Pontiac dealership, GTOs have been a part of Mecum's life since he was a kid. Dana Mecum is an American auctioneer and collector of rare automobiles. Discover more keyword analyses or check out our latest additions. Ford says it's a way to make sure the limited edition cars - just 1,000 are set to be built through 2020 - go to true fans rather than speculators only interested in turning a profit. Its normal to expect to pay a higher price for better results, so a higher price is justified. Mikhail Kalashnikov Biography, Net Worth, Age, Height, Weight, Girlfriend, Family, Fact, and More, David Katzman Biography, Net Worth, Age, Height, Weight, Girlfriend, Family, Fact, and More. Early on they came across a large collection of collectible cars that allowed the set up the first Mecum auction ever. Required fields are marked *. Dana Frederick White Jr. [2] (born July 28, 1969) is an American businessman who serves as president of the Ultimate Fighting Championship (UFC), a global mixed martial arts organization. What is the most expensive car sold at Mecum auction? star. He amassed his fortune thanks to his passion for cars. Dana and Patti currently live in the Geneva Lakes area of Southeastern Wisconsin. Born in Monmouth, Illinois, in 1954, Dana Mecum was the son of famed fleet salesman Edward Mecum. Lot F88. Net Worth: $45 Million As one of the richest celebrities in the world, people are always wondering how much money Dana Mecum has or makes. Dana Mecum Date of Birth Dana Mecum date of birth is 1954. For example, an auctioneer charging the seller 15% or $1,000 would earn $1,500 for a $10,000 auction, but earn $1,000 for a $5,000 auction.Mar 8, 2011, On-site Buyers Premium 10% Absentee Buyers Premium 12% On-site Automobilia Buyers Premium 15%Jul 3, 2019. A $50 million businessman from the United States is named Dana Mecum. It is an approximate forecast of how rich is Alex Mecum and could vary in the range between $719.2K - $1.8M. Dana Mecum's GTOs. In 2022, Dana Mecums net worth was estimated to be $45 Million. His father was the largest fleet dealer in the U.S. at one time. 1932 Ford Hi-Boy Roadster Spencer II. Dana Frederick White Jr. Age (2023) 53 years. How old is he? When high-interest rates temporarily destroyed Edward Mecums business in the 1980s, he became the largest empire dealer in the country. Dana Mecum . Alex Mecum 's revenue is $1.7M in 2020. Mecum Auctions president and inventor, Dana, started the business in 1988 at his kitchen counter with the assistance of his wife, Patti, and a few close friends. In the event of a Wire Transfer, payment may not arrive until the first business day after the auction. March 24-25. If youre looking to buy or sell a collector car, Dana Mecum is definitely the person to talk to. He amassed his fortune thanks to his passion for cars. Table of Contents FactTechz An Indian YouTuberFactTechz Early LifeFactTechz Career Famous SeriesFactTechz App and WebsiteFactTechz Net WorthFactTechz Height and Weight An Indian YouTuber named Rajesh Kumar known online as FactTechz uploads educational videos on YouTube. Today Mecum Auctions is one of the largest antique, vintage, and collector car and motorcycle auction businesses in the world. Dana Mecum is an American businessman who has a net worth of $50 million. The average price of a car at Kissimmee has increased every year. Uncategorized. The original price of a 1962 Ferrari 250 GTO was $18,000. In Marengo, Illinois, his father had a Pontiac business that eventually sold used cars from Avis. Mecum had to wait more than 15 years before the auction business was profitable. Dana Mecum is an American auctioneer and founder of Mecum Auctions. Mecum Auctions Mecum rule: if you raise your own bid to meet the reserve, the car is yours! Dana Mecum is a very skilled independent president who has won an award for his work. They have four sons all of whom are active members of the Mecum team. His enthusiasm for automobiles earned him money, as did his desire to own a car. As of February 2023, George Clooney's net worth is approximately $500 Million, making him one of the most sought-after A list actors in Hollywood, and one of the richest actors in the world. Dana Mecum Net Worth: Dana Mecum is an American businessman who has a net worth of $45 million. My husband bought a couple of cars on 2019 at Mecum Auction and . How much commission do car auctions take? Born in Monmouth, Illinois, in 1954, Dana Mecum was the son of famed fleet salesman Edward Mecum. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Lake Geneva, Wisconsin (WI), US. Therefore, the above worth, income or earnings statistics may not be 100% accurate. Alesis Surge Vs Nitro 2023: Top Full Review, Guide, What is Adnan Khashoggi Net Worth 2023: Full Information, What is Daniel Day Lewis Net Worth 2023: Overview, Interview, What is Jen Ledger Net Worth 2023: Overview, Interview, How To Play The Harp? The collection includes some rare, desirable, and low-mileage GTOs. Lots must be removed from the auction location within 48 hours of the auction events conclusion.Apr 16, 2020, The Bid Goes On is a station that sits at the end of the Mecum auction block, and its the place where efforts are made to keep potential deals alive for vehicles that havent met their reserve (a price established by the Consignor that is the lowest amount he or she will accept for their vehicle).Apr 8, 2022. Dana Mecum is 68 years old in 2022. However, a strong storm with winds of 90 mph hit the auction, which resulted in disaster. One lucky buyer at Mecum's auction held in Kissimmee, Florida, last week took home a piece of history. After high school, Dana attended the University of Illinois, where he studied business. There was a 12% bidders fee on top of the sale price for bidding online and a 10% bidders fee for an on-site winner (the minimum bidders fee was $1000).Jan 22, 2019, Using an auction is one of the easiest ways to sell your car, but it does come at a cost as youll have to pay the auction house a commission fee. Also know about Dana Mecum bio, salary, height, age weight, relationship and more Dana Mecum Wiki Biography Dana Mecum is an actor, known for Mecum Auto Auctions: Muscle Cars & More (2008), Mecum Dealmakers (2014) and Chasing Classic Cars (2008). Dana Mecum Personal Car Collection Find Dana Mecum Personal Car Collection Who are the announcers for Mecum Auctions? See you all at the next dance! - Net Worth Eye: [] [ February 16, 2023 ] Ong Squad Biography, Net Worth, Age, Height, Boyfriend, date of birth, bir []. With a $25+ million net worth, spending $30,000 roundtrip to a destination two hours away is very digestible. In fact, one of the GTOs up for sale is so dear to Mecum that its sale comes with a stipulation: If the buyer ever decides to sell, it has to go back to Mecum. Dana earned his fortune as the founder of the car auction company, Mecum Auctions. By Champion3 @ 2012-08-14 13:32:31. Dana earned his fortune as the founder of the car auction company, Mecum Auctions. His car was found abandoned at the Indianapolis International Airport. The bulk of that $217 million was made up of mid-range collectible cars, with 2,954 cars sold at a 90 percent sell-through rate. Mecum has been featured on . Phone Email. In existence for more than 25 years, Mecum Auctions hosted their first auction in 1988 at the Rockford Airport. What kind of car does Dana from mecums drive? In addition to the entry fee, Mecum Auction charges a commission for sellers. Mecum Auctions is headquartered in Walworth, Wisconsin, and since 2011 has been ranked No. The businessman Dana Mecum is a married man. As of January 2022, ZipRecruiter reported that auctioneers earned an average annual wage of $54,113, with earnings typically ranging from $22,500 to $110,500. Dana has eight known connections and has the most companies in common with David Magers. While its impossible to calculate the exact amount Dana Mecum is worth, we can use publicly available information such as salary, investments, businesses, endorsements, and other income to estimate a net worth for 2022. There are no other seller fees on BaT. He amassed his fortune thanks to his passion for cars. Buyers pay a 5% fee on top of the final sale price to BaT, with a minimum of $250, and capped at $5,000. Dana Mecum nickname is Dana. Danas first love was cars. Correspondingly, what is Dana Mecum net worth?Dana Mecum Net Worth: Dana Mecum is an American businessman who has a net worth of $45 million. By clicking Sign up, you agree to receive marketing emails from Insider View Dana Mecum's full profile. They also give you a much higher likelihood of success. Lot R520 1967 Chevrolet Corvette Convertible. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. "I started in the automotive business selling new Pontiacs with my dad," Mecum said, "so the brand has always been special to me. It comes with a price tag, starting at $196,000. Weve very bad experienced. Dana Mecum lives in Walworth, WI; previous cities include Marengo IL and Fontana WI. Mecum Auctions' Dana Mecum Among his rewards for auctioning more collectible cars than anyone else in the world is a private jet that helps him sell even more. How to Market Your Business with Webinars? Mecum is not liable for lost, stolen, or damaged Lots, and Bidder shall make no claim against Mecum for such loss, theft, or damage, unless the loss, theft, or damage is directly caused by Mecums actions or omissions. What is Frank Mecum net worth? His father, Edward MECum, was a well-known fleet dealer from Monmouth, Illinois, and he grew up in the area. The Untold Truth About Drake Mother - Sandi Graham. Combat Sports. Advertisement. How much is Dana Mecum Worth? Angela White Height and Weight and Breast & Bra Size, Apu Biswas Height and Weight and Breast & Bra Size. We and our partners use cookies to Store and/or access information on a device. According to the EmergeSocial.net stats, in 2023 Dana Mecum net worth will grow up to approximately $ 45.000.000. Seller checks are then mailed within 5-7 business days. If you want to know more about Dana Mecum net worth, be sure to check out the following article. He. Dana Mecum birth place is American. as well as other partner offers and accept our, Visit Business Insider's homepage for more stories. While the buyers premium can depend on the event, the premium for the Mecum Las Vegas motorcycle auction is: 10% standard premium at the event.Sep 5, 2020. Perhaps the top three categories for a successful auction are consignments, cars sold, and dollar sales.Feb 1, 2013. Patricia Mecum, Dana Patricia Mecum and Dana E Mecum are some of the alias or nicknames that Dana has used. Mecum and his wife, Patti, have four sons together. Dana Mecum was born in Sycamore, Illinois, and is a graduate of Illinois State University. (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). The commission is 10% of the hammer price if you have a reserve price which applies if you accept the last bid.Sep 5, 2020. Though the company, which has been moving cars since founder Dana Mecum's first sale in 1988, is based in Wisconsin, it lives on the. As a child, he loved going to car shows with his father and dreaming about which ones he would own someday. Year Estimation; December 2020: $42.8K - $98.6K: November 2020: $50.1K - $125.2K: October 2020: $74.2K - $115.9K: September 2020: $80.4K - $111.8K: August 2020: He is known for his work in the collector car industry. Net Worth Needed To Fly Private. Mecum supports companies that work to broaden the reach of education because it supports this view. Now, the company typically holds more than one auction every month with an inventory of about 15 thousand cars annually. Dana earned his fortune as the founder of the car . His passion and knowledge of car collectibles and muscle cars encouraged and led him to launch Mecum Auto Auction which is now featured on Discovery HD Theater. Courtesy of Mecum Auctions, Inc. A rare 1965 Shelby GT350R Mustang raked in $3.85 million at auction on Friday, becoming the most expensive Mustang on the planet. As with most jobs, one of the factors influencing auctioneer salary is geographic location.Feb 15, 2022, Auctioneers charge the seller a commission, which is typically a percentage of the gross sales, or a minimum fee, whichever is greater. Dana Mecum Net Worth: Dana Mecum is an American businessman who has a net worth of $45 million. An example of data being processed may be a unique identifier stored in a cookie. Who sells more cars Mecum or Barrett Jackson? One of the biggest antique, vintage, and collector vehicle and motorcycle auction companies in the world today is Mecum Auctions. Is it a buyers market or a sellers market? 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