Definition
Mecum Auctions is a United States‑based auction company that specializes in the buying and selling of collector automobiles, motorcycles, and related memorabilia. It conducts live, seasonal auctions as well as online sales, catering to private collectors, dealers, and enthusiasts.
Overview
Founded in 1987 by Dana Mecum, the company is headquartered in Walworth, Wisconsin, with additional corporate offices in Dallas, Texas. Mecum Auctions operates a series of annual events across the United States, often held at large venues such as fairgrounds, convention centers, and racetracks. The auctions feature a wide range of vehicles, including classic cars, muscle cars, antique automobiles, exotic sports cars, motorcycles, and specialty equipment such as racing cars and military vehicles.
Mecum has expanded its presence through televised coverage on networks such as Fox Sports 1, as well as streaming platforms, increasing its visibility among a national and international audience. The company also provides ancillary services, including vehicle appraisal, transportation, and financing for buyers. Revenue is generated primarily through buyer’s premiums, seller commissions, and ancillary service fees.
Etymology / Origin
The name “Mecum” derives from the surname of the founder, Dana Mecum. The term does not have an independent lexical meaning beyond its association with the family name and the business brand.
Characteristics
- Auction Format: Live, in‑person auctions are conducted with a traditional auctioneer, while simultaneous online bidding allows remote participation. Post‑auction, unsold inventory may be offered through a “buy‑now” online marketplace.
- Vehicle Categories: The company's catalog includes classic cars (pre‑1970), modern collectibles, high‑performance sports cars, motorcycles, historic trucks, military vehicles, and specialized automotive memorabilia.
- Geographic Reach: Seasonal events are held in multiple U.S. regions, including the Midwest, South, West Coast, and Northeast, with occasional international showcases.
- Record Sales: Mecum has reported multimillion‑dollar sales for high‑profile vehicles; notable examples include rare Ferraris, vintage Shelby Mustangs, and historic race cars.
- Media Presence: The auction process is broadcast in edited television programs and live streams, providing exposure for both sellers and buyers.
- Industry Role: The company is regarded as one of the largest collector‑car auction houses in the United States, alongside rivals such as Barrett‑Jackson, RM Sotheby’s, and Bonhams.
Related Topics
- Collector car market
- Automobile auction houses (e.g., Barrett‑Jackson, RM Sotheby’s, Bonhams)
- Classic car restoration and preservation
- Automotive memorabilia collecting
- Vehicle appraisal and valuation services
- Motorsports heritage auctions
- Online bidding platforms for specialty assets