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During that time, he was approached by a prospective buyer who eventually declined the $500,000 sale price, which represented the amount of debt Mecum owed. [3] The company auctioned its 50,000th vehicle in 2008. [6] Mecum Auctions was headquartered in Marengo for years, [7] [6] before relocating to Walworth, Wisconsin in 2011. [8]
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]
A dealer auto auction is a specialized form of auction. Millions of vehicles are sold at such dealer auto auctions every year. These auctions are restricted to the general public and only licensed dealers can participate. Prices of vehicles sold at dealer auctions tend to be lower than those advertised on any dealer's lot.
Major auction houses have levied the buyer's premium for several decades, particularly in fine art auctions, with percentages in the region of 10–30%. [2] In real estate auctions in many European countries, the buyer's premium, if charged at all, is much less (2–2.5%). More recently in the UK, however, repossessed properties have been ...
Mecum Dealmakers is an American reality program airing on NBCSN. The series takes a behind-the-scenes look at Mecum Auctions , America's biggest collectable car auction facility. Each episode features a specific auction, focusing on the unique and collectable automobiles in each auction. [ 1 ]
The Dodge Daytona is now a very valuable collectible, with 440-powered Daytonas reaching into six-figure territory and 426 hemi-engined cars passing the $900,000 mark., as of August 17 2024 a Daytona reached a record high of 3,300,000 plus buyers fee at Mecum auctions.
The 48's original proposed price was said to be $1,000, but the actual selling price was closer to $4,000. [3] The 1988 movie Tucker: The Man and His Dream is based on the saga surrounding the car's production. The film's director, Francis Ford Coppola, is a Tucker owner and displays his vehicle on the grounds of his winery. [4]
Mclaren only made 10 units of the MP4-12C HS. In January 2016, a 12C HS painted in F1 Vodafone Racing Team colours reportedly commissioned by Ron Dennis was offered for sale at Mecum's Kissimmee auction with 203 miles. It had an estimate of $1,300,000 – $1,600,000 and didn't sell. [72]