Mecum Auctions
- Thread starter 1hot87gt
- Start date
I’m telling ya…if I ever hit the lotto for FU sums of money, I wouldn’t tell a soul….but there would be signs…
85GTStangGuy
5 Year Member
Speaking of Mecum. I got an email from them today with this....
[td]
It is with a heavy heart that we share the news of the passing of one of Mecum's cornerstones, John Kraman.
John played a pivotal role in the growth and success of Mecum Auctions, serving as a consignment director and becoming the unmistakable voice of Mecum since our television debut in 2008. His dedication to positioning our brand in the best possible light was more than a career—it was his life’s mission.
John set the standard for excellence, demanding accuracy, precision and the highest quality in everything we did. He wasn’t just part of Mecum Auctions; he was Mecum Auctions, living and breathing its essence every day.
A mentor, a legend, a Mecum cornerstone, our family.
Thank you, John.
It is with a heavy heart that we share the news of the passing of one of Mecum's cornerstones, John Kraman.
John played a pivotal role in the growth and success of Mecum Auctions, serving as a consignment director and becoming the unmistakable voice of Mecum since our television debut in 2008. His dedication to positioning our brand in the best possible light was more than a career—it was his life’s mission.
John set the standard for excellence, demanding accuracy, precision and the highest quality in everything we did. He wasn’t just part of Mecum Auctions; he was Mecum Auctions, living and breathing its essence every day.
A mentor, a legend, a Mecum cornerstone, our family.
Thank you, John.
I saw part of someone's video about something like that too. I didn't finish it since it seemed to be more like clickbait or something, but I did see that the guy highlighted another Fox that didn't sell.
Was it this one that you watched?View: https://youtu.be/G8isncsT2n8?si=TTj_67WmxeqJX0PD
That ppp money gone all ready seeing the Facebook groups trying to use the R to justify salvage title 93 cobra with retarded prices
Speaking of Mecum. I got an email from them today with this....
[td]
It is with a heavy heart that we share the news of the passing of one of Mecum's cornerstones, John Kraman.
John played a pivotal role in the growth and success of Mecum Auctions, serving as a consignment director and becoming the unmistakable voice of Mecum since our television debut in 2008. His dedication to positioning our brand in the best possible light was more than a career—it was his life’s mission.
John set the standard for excellence, demanding accuracy, precision and the highest quality in everything we did. He wasn’t just part of Mecum Ao
Omg. That's so sad. He was a great part of their TV broadcast. Very knowledgeable and a true car guy. I noticed he wasn't there for the last two auctions but they didn't make much mention of it more than he's home recovering.
Gonna miss him.
Habu135
5 Year Member
If you dig down a bit and ignore the politics you can see that people are hurting financially. You also have approximately 10-15% of folks who have horded cash and are waiting to snatch up things at good prices. Where will things fracture first? Commercial real estate has been in peril for a while, but it's a waiting game for sure.
90% of the people that go to those auctions will complain about the economy but to them that means they can only pay 300K for a Camaro/mustang not 500K.
Habu135
5 Year Member
These cars are investments that are very easy to sell. It's not like a house. So they can change hands quickly when needed. I got a 993 a few years ago, I thought I would keep it forever, but I needed the money for an unexpected life change. The car was gone in two weeks for slightly more than I paid. So, sad the car had to move, but very happy to get my money back, It was a very enjoyable air cooled bank account with a really good interest return.
My Aunt married a fairly well off man who was president for Subaru America at the time. He had worked for Corporate GM before... This had to be in the 80's... Super nice guy, very bright, he was all about making money....
He and I talked about buying some of the cars built in the late 20's and 30's for an investment... His thoughts were they would be like Art works from the past... Been a few minutes.... but is seems like these Duesenbergs, Cords, Packards were mostly around 100 to 200 thousand which was alot then... Now they are worth MILLIONS...... As far as I know he never bought any classics... during one of the bad nationwide recessions he purchased many apartments, property , and buildings that he did VERY well on though.....
The only bad Advice he ever gave me was a guy he knew at GM was starting his own car company... Tim said this guy was one of the brightest and sharpest people he had ever met and I might want to buy some stock in his company...... Yeah, it was Delorean.....
He and I talked about buying some of the cars built in the late 20's and 30's for an investment... His thoughts were they would be like Art works from the past... Been a few minutes.... but is seems like these Duesenbergs, Cords, Packards were mostly around 100 to 200 thousand which was alot then... Now they are worth MILLIONS...... As far as I know he never bought any classics... during one of the bad nationwide recessions he purchased many apartments, property , and buildings that he did VERY well on though.....
The only bad Advice he ever gave me was a guy he knew at GM was starting his own car company... Tim said this guy was one of the brightest and sharpest people he had ever met and I might want to buy some stock in his company...... Yeah, it was Delorean.....
I disagree, well they can be an investment but not a dependable one, I see many high dollar builds go for pennies on the dollar.
And the cars of the early 1900 are only worth a fraction of what they were going for in the 70's.
But lets talk Mustangs, specifically fox body models, you have to get your hands on a 1 of 1 model to have any value that lasts and appreciates in value but you can't drive it! So where is the pleasure of owning one?
Some think because a 93 Mustang Cobra went for a big pile of dough at Mecum that makes the rusty horse that's been sitting under a tree for 25 years worth more.
You're paying more now to rebuild a classic car than what you could sell them for.
Don't get me started on dealing with buyers!
Just my opinion and I've been around classic cars my whole life.
I think he may have been talking about Corvettes as mentioned in the previous post. Those can be easy to sell and make money on - especially the C1 and 2 - and maybe even the early C3s, depending on the options....
did you see what Hendricks paid for the two C2 restomods????I think he may have been talking about Corvettes as mentioned in the previous post. Those can be easy to sell and make money on - especially the C1 and 2 - and maybe even the early C3s, depending on the options....
Nope, I don't watch those auctions very often. And I usually don't pay much attention to the prices other than for shock value or something. Those auctions are for a different subset of people than I belong to - there's a better chance of snow falling in hell than there is of me being able to buy much of anything at one of them.... The cars look nice though!
Similar threads
