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.
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.
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 Mecum commission?
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.
What percentage does Mecum charge?
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.
How much does it cost to buy a car at Mecum?
As a seller, you pay between $500 and $1,500 to list your car, with prime-time auction spots in the catalog coming more dearly. You can boost visibility with a $500 marketing upgrade. Mecum will also quote you for vehicle transportation to the auction site if you desire.
What is the Mecum rule?
Mecum rule: if you raise your own bid to meet the reserve, the car is yours!
How does Mecum auction make money?
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 motorcycle’s position. The commission is 10% of the hammer price if you have a reserve price which applies if you accept the last bid.
Are Dana and Frank Mecum related?
Frank Mecum – Mecum Auctions!
This story does have that theme, but begins with two generations of Mecums (including Dana Mecum and his father) working in and owning new car dealerships for years. Early on they came across a large collection of collectible cars that allowed the set up the first Mecum auction ever.
What’s the difference between Mecum and Barrett-Jackson?
Barrett-Jackson differs from Mecum’s in that it places reserves on only very few high value cars and as a result Barrett-Jackson’s sell through is in the 98% range. 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.
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.
