Wed. Jul 17th, 2024

Dana Mecum Net Worth | Celebrity Net Worth

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What is Dana Mekum’s net worth?

Dana Mekum is an American businessman who has a net worth of $50 million. Dana earned his fortune as the founder of Mecum Auctions, a car auction company. Today Mecum Auctions is one of the largest antique, vintage and collector car and motorcycle auction businesses in the world.

early life

Born in Monmouth, Illinois, in 1954, Dana Mecum was the son of famed Fleet salesman Edward Mecum. His father owned a Pontiac dealership in Marengo, Illinois, and later resold Avis rental cars. Edward Mecum became the nation’s largest fleet dealer by the 1980s, when high interest rates temporarily wiped out his business.

Career and Mecum Auction Company

Dana Mecum started his company Mecum Auctions sitting at his dining room table. Mecum Auction Company is now the world’s largest antique, vintage and collector car and motorcycle business. In existence for more than 25 years, Mecum Auctions hosted its first auction at Rockford Airport in 1988. This unfortunately ended in disaster when the auction was hit by a severe storm that included 90mph winds. It took Mecum more than 15 years without seeing a profit to find success with the auction company.

(Photo by Scott Olson/Getty Images)

Now, the company usually conducts more than one auction every month with an inventory of about 15 thousand cars. The company is headquartered in Walworth, Wisconsin, and ranks highest in the world for the number of collector cars offered at auction, the number of collector cars sold at auction, and for hosting the largest collector car auction, which takes place each year. Is. Florida. Other annual events include a massive $100 million event held each January in Kissimmee, Florida, which lasts 10 days and boasts 3,000 cars at the show. Mecum Auctions also has the most auction sites in the United States, and the highest volume of sales domestically of all car auction companies. In recent years, Mecum has branched out into collectible agricultural tractors, motorcycles, and street art. In 2017 alone, Mecum handled 20,000 consignments, generating over $400 million in production. Auctions are also normally broadcast on the NBC Sports Network.

personal life

Mekum and his wife Patti together have four sons and nine grandchildren. The whole family is engaged in this business. Dana and Patti live in the Geneva Lakes region of southeastern Wisconsin.

In March 2020, McKum was widely rumored to be dead, however, the businessman is still very much alive. The confusion began when an obituary of his deceased close friend, Bill Grams, was run, and media outlets mistakenly began reporting Mecum as deceased.

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