Unveiling Frank Mecum's Net Worth in 2017: A Deep Dive into the Collector Car World
Hello there, car enthusiasts and curious minds! Today, we're going to take a ride through time to explore the net worth of the legendary car collector, Frank Mecum, as of 2017. So, buckle up and let's dive right in! Guys, explore more in Net Worth and frank mecum net worth 2017.
Who is Frank Mecum?
Before we dive into his net worth, let's quickly introduce Frank Mecum to those who might not know him. Frank Mecum is a renowned car collector, businessman, and the founder of the Mecum Auctions, one of the world's largest collector car auction companies. Born in 1951, Mecum's passion for cars started at a young age, and he turned that passion into a multi-million dollar empire.
Frank Mecum's Net Worth in 2017
Now, let's get to the meat of this article. As of 2017, Frank Mecum's net worth was estimated to be around $200 million. This impressive figure is a testament to his hard work, dedication, and shrewd business acumen.
The Rise of Mecum Auctions
A significant chunk of Frank Mecum's net worth comes from Mecum Auctions. Founded in 1988, Mecum Auctions started as a small-town auction house and has since grown into a global phenomenon. The company hosts around 20 auctions each year, selling everything from classic cars to rare motorcycles and even antique tractors.
In 2017, Mecum Auctions reported a total sales figure of over $400 million. This staggering amount is a clear indication of the company's success and Frank Mecum's prowess in the collector car market.
Frank Mecum's Car Collection
Frank Mecum's net worth is also heavily tied to his personal car collection. Mecum is a passionate collector, and his garage is home to some of the rarest and most valuable cars in the world. His collection includes iconic models like the 1955 Mercedes-Benz 300 SL, the 1964 Shelby Cobra, and the 1970 Plymouth Hemi Cuda.
In 2017, Mecum's collection was valued at over $100 million. That's right, folks! His garage alone is worth more than many people's entire net worth.
Frank Mecum's Impact on the Collector Car World
Frank Mecum's success isn't just about the money. He's also had a significant impact on the collector car world. Mecum Auctions has set numerous world records for the highest price paid for a car at auction. For instance, in 2017, a 1967 Ford Shelby Cobra 427 sold for a whopping $13.75 million at a Mecum auction.
Moreover, Mecum's passion for cars has inspired a new generation of collectors. His story serves as a reminder that with hard work, dedication, and a love for what you do, you can turn your passion into a successful business.
Frank Mecum's Life Outside of Cars
While Frank Mecum's life revolves around cars, he's also a family man. He's been married to his wife, Christi, for over 30 years, and they have two children together. Mecum is also a philanthropist, supporting various charities and causes through the Mecum Car Museum and the Mecum Foundation.
The Future of Frank Mecum's Net Worth
As we wrap up, you might be wondering, "What's Frank Mecum's net worth in 2021?" Well, folks, that's a whole other story! Since 2017, Mecum Auctions has continued to grow, and Frank Mecum's car collection has expanded. So, it's safe to say that his net worth has likely increased significantly.
But remember, it's not just about the money. It's about the passion, the history, and the love for the cars. And that's something that Frank Mecum has in spades.
So, there you have it! A deep dive into Frank Mecum's net worth in 2017. We hope you've enjoyed this ride through time and have learned a thing or two about the man, the legend, and the collector car world.
Stay tuned for more fascinating stories, and until next time, keep those engines revving!