Quick Answer: How Much Money Does Barrett Jackson Make?

What percentage do car auctions take?

5%Using an auction is one of the easiest ways to sell your car, but it does come at a cost as you’ll have to pay the auction house a commission fee.

This varies but it is usually around 5% (plus VAT).

Also, the final sale price might be a bit lower than that for a private sale..

Does Dana Mecum have a car collection?

But Mecum isn’t just any car guy. … Mecum in recent years has also branched out into motorcycles, collectible farm tractors, and road art, the former two driving their own events. Altogether in 2017, Mecum will handle some 20,000 consignments, including 14,000 cars, and generate revenues in excess of $400 million.

Who pays the fees at Barrett Jackson?

How they get paid. Barrett-Jackson earns their money via an 8% seller’s premium charged to the seller (consignor) when their car is sold. They also collect a 10% bidder’s premium from the buyer once the car sells and 15% on automobilia sales.

What was the most expensive car sold at Barrett Jackson?

10 of the most expensive vehicles sold at the 2020 Barrett-Jackson Scottsdale auction2017 Ford GT (Lot #1392) – $1,485,000. … 2017 Ford GT (Lot #1417) – $1,182,500. … 1969 Chevrolet Camaro ZL1 COPO (Lot #1409) – $1,094,50. … 2019 McLaren Senna (Lot #1393) – $946,000. … 1963 Aston Martin DB5 (Lot #1403) – $660,000.More items…•

What is Dana Mecum net worth?

Dana Mecum Net Worth: Dana Mecum is an American businessman who has a net worth of $45 million. Born in Monmouth, Illinois, in 1954, Dana Mecum was the son of famed fleet salesman Edward Mecum.

What are the dates for Barrett Jackson 2021?

January 16 – 24, 2021 Get closer to the action at Barrett-Jackson Scottsdale in 2021!

What is Mecum Commission?

Mecum will also quote you for vehicle transportation to the auction site if you desire. If your car does sell, great, but know that you’ll pay a seller’s commission—5 percent of hammer price without reserve, 10 percent with a $1,000 minimum on eight of the auction’s 11 days.

How much does it cost to be a bidder at Barrett Jackson?

On-site Buyer’s Premium — 10% Absentee Buyer’s Premium — 12% On-site Automobilia Buyer’s Premium — 15% Absentee Automobilia Buyer’s Premium — 17%

Can anyone buy a car at Barrett Jackson?

Bidders who are not registered as a current Barrett-Jackson car auction bidder, may register as an automobilia only bidder. To register as an automobilia only bidder, you must first complete the automobilia registration process.

Where is Barrett Jackson held?

ScottsdaleBarrett-Jackson is based in Scottsdale, but holds collector car auctions around the country. This would be the company’s first live auction since the pandemic struck. Barrett-Jackson pivoted to online auctions in May and July.

How do I sell a car on Barrett Jackson?

Here are the basics:Complete the preliminary consignment request form, available online at Barrett-Jackson.com. … Ensure the title and the vehicle’s VIN match to avoid discrepancy. … Barrett-Jackson President Steve Davis will assign the vehicle a Lot number, which determines when the vehicle will cross the block.More items…•

Can you go to Barrett Jackson auction?

As of January 2020, guests will only be permitted to enter the auction site with clutch purses that do not exceed 6.5” x 4.5” or clear plastic, vinyl or PVC bags that do not exceed 12” x 6” x 12” (or one-gallon clear plastic freezer bags).

Are cameras allowed at Barrett Jackson?

Video cameras are permitted only outside the main auction pavilion. WHEELCHAIRS OR STROLLERS: The site is ADA accessible; however, wheelchairs and strollers are not available for rent on-site.

Who owns Barrett Jackson?

Craig JacksonNarrator: Take a peek inside one the worlds most expensive private garages. It’s owned by Craig Jackson, CEO of Barrett-Jackson Auction Company.

What is the most expensive car in history?

Ferrari 250 GTO1962 Ferrari 250 GTO In 2018, a 1962 Ferrari became the most expensive car ever sold, fetching $48.4 million at an auction run by RM Sotheby’s.

Can anyone bid at Mecum Auctions?

Do I have to be a Dealer to register to bid? Absolutely not! All auctions are open to any individuals or dealers.

How much commission does Barrett Jackson make?

Once lot number is decided upon, you will sign for the payment of the 8-percent seller’s commission fee (this is for cars sold at No Reserve) and the payment of the entry fee.

Is Barrett Jackson Cancelled?

Barrett-Jackson adds Fall Auction, cancels Las Vegas, Palm Beach sales. Barrett-Jackson has changed plans for the remainder of 2020 because of pandemic restrictions, adding a new live collector car auction in October while canceling two live auctions that were previously scheduled.