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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.
Manheim, Inc. is an automobile auction company. As a subsidiary of Cox Automotive, a subsidiary of privately owned Cox Enterprises, Inc. based in Atlanta, Georgia, Manheim's primary business is wholesaling vehicles via a bidding process using traditional and online formats.
The company has since added auctions in Amelia Island, Florida. [5] Typical auctions are held in outdoor locations where prospective bidders can inspect and bid on cars directly in an "auctions in the round” format. [6] [7] At a 2010 event, an 800-foot-long auction tent fell over due to strong winds, striking several cars and causing an ...
Buying a car at auction requires a whole new set of rules and things to watch out for, whether it's a government or law-enforcement auction or one with vintage and high-end cars meant for collectors.
After the live auction world's hiatus caused by the COVID-19 pandemic, Gooding & Company made headlines by selling the top two cars at auction in 2021 at its Pebble Beach Auctions: the 1995 McLaren F1, sold for over 20 million dollars, and the 1959 Ferrari 250 GT LWB California Spider Competizione, sold for over 10 million USD.
A roundup of the 10 cars heading to auction at Monterey Car Week 2024 with the highest estimated selling prices.
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