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In 1990, the museum sold off almost 70 automobiles by putting them up for auction with Sotheby's. [7] To pay down debt, the museum sold or auctioned 44 cars in 2009, 24 of them through RM Auctions in October. [8] [9] The deaccessions proceeded over public protest and the objections of Kay Crawford, the widow of founder Frederick C. Crawford.
There are also auctions that are open to the public in a few states like New Hampshire and Pennsylvania. [8] These auctions are a primary outlet for financial services firms to dispose of their large volume of off-lease returns, for rental and other companies to sell off their aging fleets and for car dealerships to dump trade-ins or other ...
Mecum Auctions, Inc. is an American auction company specializing in collector cars and motorcycles. It was founded by Dana Mecum in 1988, and was originally based in Marengo, Illinois . Since 2011, it has been headquartered in Walworth, Wisconsin .
By 1947, the new building with four lanes to auction vehicles opened and soon the partners realized the general public was purchasing their vehicles at the auction instead of their dealership franchises. This action prompted the partners to make Manheim Auto Auction a dealer-only enterprise, making Manheim the largest auto exchange in 1959. [2]
The sale, to a private buyer, was for 135 million euros ($142,769,250). It handily outstripped the previous record-setting $48.4-million sale of a 1962 Ferrari 250 GTO at a 2018 auction to become the most expensive car ever sold at auction. Both of these high-dollar sales were brokered by RM Sotheby's. [1]
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