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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.
Neighbors would gather in large numbers at the auction and place bids of only a few pennies, while intimidating anyone who attempted to bid competitively. [1] In the end, the bank that owned the farm would get whatever was bid and the neighbors would return the farm and its contents to the farmer. [2]
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The Duesenberg was sold to Tom Monaghan, founder of Domino's Pizza and then owner of the Detroit Tigers. [2] The Kruse family is also noted for conducting the $41 million sale of the famous William F. Harrah automotive collection. The sale of this 1,000-car collection was spread over three auction sessions in 1985, 1986 and 1987.
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Keeneland Sales is an American Thoroughbred auction house in Lexington, Kentucky founded in 1935 as a nonprofit racing/auction entity on 147 acres (0.59 km 2) of farmland west of Lexington, which had been owned by Jack O. Keene.
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