Saturday, October 8, 2016

Mecum Auctions hammers Chicago connection with Blackhawks Day, Pippen Porsche

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Mecum Auctions returns home to Chicago this weekend at the Schaumburg Convention Center With over 800 vehicles, ranging from classic muscle cars to pre-World War I vehicles to Scottie Pippen's 1988 Porsche 911 Turbo Cabriolet.

The former Bulls star's custom-made red-on-black convertible is not the only draw for hometown Mecum: Anyone wearing Blackhawks gear will get half-off the $ 30 admission price and half-off the $ 200 bidder registration.

Why Blackhawks Jersey in this (post) season of Cubs?

"Well, I'm a Hawks fan, for starters," Said Dave Magers, CEO of Mecum Auctions, WHO Grew Up With Hawks Vice President Jay Blunk. "Some of the Hawks are car collectors too."

While the discounted admission Thursday through Saturday Applies, Blackhawks Day on Friday will feature a charitable auction of a Blackhawks Experience Package, Which includes four tickets to a game, dinner at the members-only Ketel One Club in the United Center, and jerseys. The Blackhawks Blues Mobile, a beat-up, roped-together with a 1974 Dodge Monaco speaker on top, will be on display.


But MOST people will go for the array of vehicles, from exotic sports cars to vintage pickups.

Dennis Schnell, a retiree from Belvidere, Ill., Admired the vehicle Hawks on Thursday but would rather sell His 1946 Ford Street Rod and 2002 Ford Thunderbird before moving out of state.

"Either way, it was worth what I paid just to get in for the experience," Said Schnell, Who Was at the Mecum auction for the first time.

The experience is an adrenaline rush for collector car junkies. For others, it's a spectacle compelling enough to be captured on the NBC Sports Network.

Bright flashing lights, neon signs, exhaust and shiny metal artwork heady doubling as movable across the auction block parade, moved along by fast-talking auctioneers and wisecracking.

For a quieter experience, go outside to the carnival-sized tents housing about Hundreds of vehicles to be auctioned.

While an Estimated 15,000 people turned out for the Have-day event in three recent years, This year's auction is smaller. Were there fewer high-profile cars on the floor, more bleachers for spectators, and a wider bidding pit. Vendors, Including sponsor Dodge, Took up the main aisle entry INSTEAD OF the top-dollar vehicles as in years past.

This year's main attraction is a 1969 Chevrolet Chevelle COPO, one of only 323 made in '69. It could fetch $ 500,000.

"There's no better place to find the true marketplace for a collector car than at auction," Magers Said.

Half a million is a lot of money but nothing near the multimillion-dollar gets at other auctions. Artemi Panarin Jersey.

The billion-dollar collector car business May be cooling off after post-recession ITS hot streak, but is suffering from Mecum likely ITS own growth. Its first auction in Louisville, Ky., In September in $ 13.5 million in sales and drove May Have Dragged down the supply Chicago.

"First year auction, the buzz of Mecum, probably AFFECTED all of the Midwest (market)," Said David Morton, Spokesman for Mecum.

Mecum has over a dozen high-profile auctions a year across the country, ITS monster treats Including 10-day, 3,000-vehicle show in Kissimmee, Fla., In January. But the family-owned business considers the Fall Premier hometown in Chicagoland ITS auction.

From Maregno, Ill., Mecum family held the first auction in Rockford ITS in 1988. It was supposed to be a one-time event but it ended with a twister destroyed tents and That unsold cars. Now Mecum is a leader in the industry $ 300 million a year in sales With, over 15,000 Annually moving vehicles. Oftentimes the same vehicles can hit the block in and year out.

"Our buyers end up being sellers," Magers Said.

Though baby boomers fuel the Estimated 5 million-strong collector car market, According to Hagerty, Mecum is seeing a renaissance in modern muscle cars: such as the Dodge Challenger Hellcat, Ford Mustang and the perennial classic, the Chevrolet Corvette, as drawing new generations into the classics.

"The limited-edition, high tuned, high horsepower stuff always does well," Magers Said, adding That he's seeing more of Generations X and Y in the market. " corey crawford jersey. And sometimes, what does well at auction can drive the new car market."

Relying on the admittedly anecdotal, Magers referenced the Ford GT supercar, Which has-been resurrected for model year 2017. Launched for 2005 and 2006, the limited-run GT started showing up at auction in 2013 and 2014 for two to three times the initial $ 150,000 sticker price. The 2017 starts at $ 400,000 about.

"I have no numbers, but there's enthusiasm When on the block, you can be sure someone is taking notice," Magers Said.

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