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Mecum Auctions was founded in 1988 by Dana Mecum, [1] a car enthusiast whose father operated a dealership in Marengo, Illinois. [ 2 ] [ 3 ] Dana Mecum initially bought 40 semi-trailer trucks in the 1980s, and traded 10 of them for four houses which he rented out.
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In 1968, Ritchie Bros. Auctioneers held its first auction with gross proceeds in excess of CA$1 million, in Edmonton, Alberta, Canada. [4]: 39 Edmonton was also the site of the company's first permanent auction site (on company-owned land), which was established in 1976. Until then, Ritchie Bros. had been conducting its auctions on leased land.
The property was settled in as early as 1785 and had several incarnations and owners before the current house was built in 1873. The most famous resident of the property was Dr. Alfred Sawyer, who lived there from 1859 to 1870. In 1938, the house was given to the city. The house is currently open to the public for a wide variety of functions. 18
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