Up next in 10
Now you can check out the ONLY podcast specifically dedicated to Corvette on YouTube....CORVETTE TODAY! In this episode, your host, Steve Garrett, sits down with Frank Mecum from the Mecum Auctions. Get a behind the scenes look at one of the largest auctions in the world. Also see what a integral part Corvette plays in the Mecum Auctions on CORVETTE TODAY. Hear all the podcasts at www.anchor.fm/steve-garrett
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0:00
[Music]
0:04
welcome to corvette today
0:05
the podcast that talks about everything
0:07
corvette with your host steve garrett
0:10
mc and dj at one of the largest corvette
0:12
weekends in the country
0:13
corvette fun fest president of the
0:15
corvette club of kansas city missouri
0:18
and radio disc jockey at the number one
0:20
radio station in kansas city for over 40
0:22
years
0:23
here's steve garrett
0:25
[Music]
0:28
hey thanks for listening to corvette
0:30
today the podcast that talks about
0:32
everything corvette
0:33
i'm your host steve garrett i appreciate
0:35
you tuning in
0:36
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can also sign up for corvette today
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we have over 2 000 members and i'd love
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first i'd like to thank our flagship
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and a shout out to
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3:07
welcoming corvette owners from around
3:09
the world
3:10
my guest on corvette today is a man that
3:12
has been around cars
3:13
all of his life whether it was his
3:15
father or his grandfather he's been
3:17
involved in the automotive industry
3:19
since he was
3:20
six years old today his family runs one
3:22
of the largest
3:23
and the best auctions in the world it's
3:25
my pleasure to have frank meekum from
3:27
the mecum auctions
3:28
on the show frank welcome to corvette
3:31
today
3:32
thanks steve it's great to be on i've
3:34
been looking forward to it
3:35
well thank you i appreciate you saying
3:36
that hey let's start
3:38
back in the early days frank when did
3:40
you start working in the family business
3:43
well the auction started in 1988 i was
3:46
six years old
3:47
but really i started hanging around more
3:50
a couple years after
3:51
when i was eight just hanging up on the
3:53
auction block listening to the
3:55
auctioneers
3:56
i was always in awe of it standing down
3:58
on the block with dad
3:59
putting sold stickers on the cars which
4:01
if you watch an auction today
4:03
he still does that it's just one of our
4:05
trademarks
4:06
having that sold sticker put on a car
4:08
it's really been a great ride but my
4:11
first
4:11
job for me i was in college and i
4:14
started working bitter registration
4:16
signing up bidders working in the office
4:18
alongside my mom at the time
4:20
and that was really my first start and
4:21
now you're the vice president of
4:23
consignments
4:24
talk about what that job entails frank
4:26
our consignment team
4:28
has really excelled over the last years
4:31
we can sign over 15 000 cars a year
4:34
which is a huge number to over 13
4:38
collector car auctions per year so we
4:40
are in charge of
4:42
gathering the inventory making sure
4:45
placement of the inventory and getting
4:47
the docket set for the upcoming auctions
4:49
for
4:49
potential bidders and you've got three
4:51
brothers are they in the auction
4:53
business with you guys as well with you
4:54
and your dad
4:55
that's the best part about our business
4:57
all three of my brothers work
4:58
alongside us every day my oldest brother
5:01
dan
5:02
runs our tractor division he started
5:04
that over 10 years ago
5:05
and it has really taken off my brother
5:08
ben
5:09
is in charge of our bid goes on on site
5:11
which is off the block sales
5:13
and all of our sponsorships wow and then
5:15
my youngest brother harry we've always
5:17
said he had to have been the smartest
5:19
one
5:19
he's the accountant of the family and
5:22
keeps track of all the money
5:23
he's the bean counter isn't he yep
5:25
that's awesome
5:26
talk about your grandfather edward
5:28
because i know that he was in the car
5:29
business and he passed that on to your
5:31
dad
5:32
and your dad passed that on to you but
5:33
your grandfather was really
5:35
in the car industry pretty deep wasn't
5:37
he grandpa started working
5:40
as a salesman at a packard store
5:43
and was in the car business the rest of
5:45
his life
5:46
in many different ways different
5:48
dealerships all through that time
5:50
my favorite memory was my first car
5:53
we're standing at an auction in des
5:54
moines iowa
5:55
i was probably 12 or 13 years old at the
5:58
time
5:59
a little 64 and a half mustang came on
6:02
the auction block
6:03
he looked to me and said we're going to
6:04
buy this so he tells me to go bid on it
6:06
and
6:07
we bid on it and at the time that's 93
6:10
94 somewhere in there so this car brings
6:14
seven eight grand which today it's 50 60
6:17
000
6:17
car nice little 289 with pony interior
6:20
just a great looking car after that
6:24
had been hooked ever since what a great
6:26
story that was your first bid
6:27
so you were able to actually bid on your
6:29
own car in your own auction
6:31
yep me and grandpa bought it and then we
6:33
ended up selling it later but when we
6:35
sold it i think we made
6:36
a thousand dollars on the car and i
6:38
thought i was the richest kid in the
6:39
world
6:40
absolutely right well frank let's take a
6:42
quick break and in segment number two
6:44
we're going to talk about game day at
6:45
the mecum auctions
6:46
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[Music]
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you're listening to the corvette today
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podcast with steve garrett
9:08
[Music]
9:09
thanks for listening to corvette today
9:11
the podcast that talks about
9:13
everything corvette my guest today is
9:15
frank macomb from the mecum auctions
9:17
in segment number two we're going to
9:18
talk about what goes on during the
9:20
mekong auctions for game
9:22
day frank during this pandemic we talk
9:24
about precautions that are being taken
9:26
by everybody
9:27
and the mecum auction was down for a
9:29
little bit during the height of the
9:30
pandemic
9:31
talk about the measures that you guys
9:33
take now to ensure that everybody that
9:36
attends the auction
9:37
whether they work there or they are a
9:39
visitor and a bitter
9:40
what kind of precautions do you guys
9:42
take to make sure everybody's safe
9:44
well going into the pandemic everybody
9:46
was caught off guard we were especially
9:49
it really started for us just about a
9:51
year ago
9:52
we were at our glendale auction in
9:55
arizona
9:56
and that was the same weekend everything
9:58
just kind of came apart
10:00
all the sporting events started
10:01
canceling nba went down nhl went down
10:04
nascar went down
10:05
the ncaa tournament went down by the end
10:08
of our auction
10:09
we were the last live event in the
10:11
country wow
10:12
and watching it knowing that we're
10:14
getting ready to head into having issues
10:16
of our own
10:16
with more events coming up we lost five
10:19
auctions last year
10:20
due to the pandemic but we're still very
10:23
lucky
10:23
we got 11 auctions in after coming out
10:26
of the shutdown
10:27
when we started that if you had asked us
10:29
then if we thought we were going to get
10:30
that many in
10:31
we didn't know the answer so it was a
10:34
lot of hard work
10:35
going into that coming up with our plans
10:37
reworking them each and every time
10:39
getting to where we are now some of the
10:41
things that we did
10:42
were making sure temperature checks at
10:45
the door
10:46
mass for everybody spreading the crowds
10:48
out eliminating
10:49
the normal crowd style seating that you
10:52
see at any live collector car auction
10:54
and we went to
10:55
tables they were spread out six feet
10:57
apart two people to a table
10:59
just to really spread that crowd out
11:03
partitions in the office to keep
11:05
customers and staff
11:06
apart and safe and being able to do it
11:09
successfully
11:10
almost 12 months now it's really been a
11:12
lot of hard work
11:13
and a testament to our staff that never
11:16
gave up
11:16
and knew that we could do it and never
11:18
stop going forward and kept keeping a
11:20
great attitude
11:21
and online bidding has really
11:22
skyrocketed i know
11:24
talk about that and the new guidelines
11:26
that you have for online bidding
11:28
we've always had online bidding and
11:29
absentee bidding but
11:31
it has not been a large part of our
11:33
business
11:34
until coming out of the shutdown we're
11:36
averaging
11:37
less than 10 of our sales we're absentee
11:40
and really ramping up new systems
11:42
during the shutdown knowing that we're
11:44
gonna have to have
11:45
upgraded internet being able to upgrade
11:47
our internet and our
11:49
ability to do phone and inspections for
11:51
people that
11:52
weren't able to travel yet not
11:53
comfortable with traveling yet
11:55
but still want to be part of the hobby
11:57
that's the most important thing
11:59
people still want to be part of this our
12:01
hobby is a
12:02
very close-knit family and giving
12:05
everybody that opportunity to stay in
12:06
has been a big part of our success
12:08
coming out
12:09
now doing probably over 30 percent of
12:11
our sales going absentee
12:13
wow it was been a big part of our
12:15
success coming out of this that's
12:16
amazing
12:17
and restaurants seem to be very hot i'm
12:19
watching the shows
12:20
religiously and it seems like rusto mods
12:23
are really big right now
12:24
talk about rusto mods and how younger
12:26
bidders are gravitating
12:28
towards them i think about resto mods
12:31
the first resto mods i started seeing
12:33
was almost 20 years ago now when i first
12:35
started
12:36
full time out of college i remember
12:38
seeing a couple 67 corvettes
12:40
that they put ls motors and different
12:42
chassis on at our florida auction
12:44
almost 20 years ago and was the first
12:46
time i'd really seen that
12:48
and just thinking then what a cool
12:50
concept that they were doing
12:52
with those and now all genres are
12:53
covered under the restroom mods and
12:55
there's so many different varieties
12:57
and so many different choices it's
12:59
really become its own
13:01
section to our hobby and you're right it
13:03
is really taken off you see
13:05
so many and as soon as you see a car
13:08
you think wow they can't top that and
13:11
then
13:12
somebody comes back right over the top
13:14
and tops that it reminds you of what the
13:16
early hot rods were
13:17
somebody would set the bar for the best
13:19
hot rod out there and then somebody come
13:21
back and graze it over that
13:22
it's the same thing repeating itself
13:24
just in a little bit different way
13:26
and it's really become its own genre
13:28
it's very cool
13:30
as a matter of fact you know i watch
13:31
pretty religiously like i said before
13:33
and i love watching you on the block you
13:36
get really animated when you're working
13:38
a deal
13:39
talk about that intensity with your
13:41
relationship between
13:42
either you and the consignor or you and
13:44
the bitter
13:45
it really comes down to my absolute
13:49
love for the auction process like saying
13:51
earlier that's where i started sitting
13:53
up on the auction block
13:54
listening to the auctioneer's chant
13:56
watching the ringmen work
13:58
watching the team work i fell in love
14:01
with it in such a young age
14:02
and it was always what i wanted to do
14:05
it's always where i wanted to end up
14:07
and now being able to be a part of it
14:09
and having the greatest auction crew
14:11
in the world working around you just
14:14
makes it so much fun and that's where
14:15
that animation comes from
14:17
i'm just having the time of my life out
14:18
there being able to
14:20
meet new people that are bidders and
14:22
sellers everybody with a different story
14:24
everybody with a different car
14:26
that's really where that comes from and
14:28
i know that your job
14:30
is probably one of the most difficult
14:32
during the auction
14:33
there's a delicate balance it seems like
14:35
between getting a seller to maybe lift
14:37
the reserve
14:38
or getting a buyer to go higher on a bid
14:40
on a car
14:41
it takes a master negotiator like
14:43
yourself to pull that off and pull it
14:45
off well
14:46
that's one of the secrets to making
14:48
auction success
14:50
that's how we separate ourselves from
14:52
some of the other companies out there
14:54
our job we've always looked at it is to
14:57
find the right balance where
14:59
we get our buyers to give that little
15:01
bit extra
15:03
and our sellers to take a little bit
15:06
less
15:06
and everybody walking away feeling like
15:09
they won that's been mekum auction's
15:12
greatest success from the beginning of
15:14
time
15:14
that's how dad always visioned it in his
15:16
head that's what his love was
15:19
and it's just filtered down over the
15:21
years and it's become
15:22
really part of our brand that's how you
15:24
guys sell so many cars and over 15
15:26
000 consigned that's amazing frank let's
15:29
take our last break and coming up in
15:30
segment number three we're going to talk
15:32
about corvettes of the mecum auction
15:34
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hey thanks for listening to corvette
17:17
today i'm your host steve garrett with
17:19
me today
17:19
frank mkhim from the mecum auctions in
17:22
this final segment we're going to talk
17:23
about corvettes
17:24
and the part they play during the mecum
17:26
auctions frank we've had john crayman
17:29
on the podcast and he said that
17:31
corvettes make up a huge part of your
17:33
auction
17:34
talk about the roles that corvette plays
17:36
in the mecum auctions
17:38
well corvettes really started as being
17:40
one of the mainstays of makeup auctions
17:42
even before there was some income
17:43
auctions
17:44
dad first love was corvettes always was
17:47
when my grandpa had
17:49
the new pontiac store in moringo
17:51
illinois the little town that we grew up
17:53
in
17:54
dad had a little sports center where he
17:56
was selling corvettes and other sports
17:58
cars out of
17:58
and that's where the love really came
18:01
for him
18:02
being part of that early hobbyist of
18:04
corvettes in the late 70s
18:06
early 80s and it really just took
18:09
through the auctions over the years our
18:11
brand was
18:12
always corvettes and muscle cars and
18:14
we've grown so much past that that we do
18:16
everything now but it really started
18:17
with that core
18:18
of corvettes we've had the opportunity
18:21
to sell some of the most special
18:23
corvettes that were ever made
18:25
and we sell just the regular corvettes
18:27
that go to the everyday guy
18:29
and that's what our belief has always
18:30
been having something for everybody
18:32
and corvette is that car it's always
18:34
been the blue-collar sports car
18:36
it's americana that every american looks
18:39
to
18:40
owning a corvette as their sports car so
18:42
it's really been and it just fits with
18:44
our brand and our mentality that we've
18:47
always had something for everybody and
18:49
it's just the two brands fit
18:50
i want to jog your memory a little bit
18:52
frank talk about some of the more
18:54
memorable corvettes that have crossed
18:56
the auction block what was the gavel
18:58
price
18:59
which corvettes stand out to you in all
19:01
the years that you've been doing this
19:02
with your family business
19:04
there's so many special ones you can go
19:06
back to
19:07
it would have been it was actually my
19:09
21st birthday
19:11
we were at bloomington gold so that
19:13
would have been 2003.
19:16
we had the no mile under 20 miles
19:19
67 l88 corvette coupe wow
19:23
probably the most famous of the 67 l88s
19:26
and having the opportunity to sell that
19:28
car at that time
19:29
when it sold for over 600 000 at that
19:33
time
19:33
we thought that's the greatest thing
19:35
ever we know what those cars do today
19:37
but that is one of my earliest memories
19:40
of selling
19:40
just a special corvette and having the
19:42
opportunity i think
19:43
we've now sold four of the 2067 l88s now
19:47
wow that's always been a huge success
19:50
for ours
19:51
just sold the kissimmee the 63-06 big
19:54
tag car of mickey thompson
19:56
yes we've sold that car several times
19:59
that's the car in my memory that i've
20:01
always remembered
20:02
and then there's other corvettes that
20:03
haven't sold through the block that come
20:05
through my memory
20:06
and it's not that they're the most
20:08
expensive one of our family's personal
20:10
cars
20:10
is just a 67 390 horse corvette
20:14
that is nothing special that we've all
20:17
driven
20:18
that we've owned for probably over 25
20:20
years
20:21
wow that is just our family car but to
20:24
anybody else
20:25
it wouldn't be that meaningful but to us
20:27
it's one of the most special
20:29
corvettes out there that's cool that's
20:31
very cool to know that it's real it's a
20:32
true family car
20:34
your dad your brothers have driven it
20:35
you've driven it that's really cool
20:37
is there any generation or a year of
20:39
corvette that you see coming across the
20:41
block
20:42
more often or one that may be more
20:44
popular
20:45
the one you see a lot now and they made
20:48
so many of them
20:49
and for an entry-level person looking
20:51
for a corvette
20:53
there's nothing better than a c5
20:55
corvette
20:56
i think that generation it's such a good
20:59
car
21:00
they will drive forever it's just a pure
21:03
enjoyment to drive them
21:04
we see more and more of them coming
21:06
they're not overly expensive but
21:08
that's a car that i really look at is a
21:10
car that
21:11
really will keep the hobby going forever
21:13
yeah for sure
21:15
so is there a corvette frank that has
21:17
come across the block
21:18
and you look at it and say oh man i'd
21:20
love to have that one in my garage
21:23
every one of them
21:24
[Laughter]
21:27
that's a great answer i'm an addict
21:29
thief that's an awesome answer
21:32
that's fantastic i want them all the
21:34
best part i've
21:35
always loved the chase of cars going out
21:37
and finding the new car
21:39
enjoying it but i'm always moving on to
21:41
the next one
21:42
i love the c2s like everybody else i
21:45
don't fit in the c1
21:47
i've never really enjoyed those as much
21:49
so the couple that i've owned
21:50
i don't fit now you talked about the 67
21:53
that's there in the family garage
21:54
are there other corvettes maybe one or
21:56
two of the corvettes that you would love
21:58
to own
21:59
well i've actually have the one car that
22:02
i don't ever sell
22:03
it's nothing special but it was the
22:05
first corvette i ever bought on my own
22:08
we were selling a group of cars for bob
22:10
mcdorman i don't know if you remember
22:12
bob
22:12
i do bob was one of my dad's
22:16
closest friends and he had one of the
22:18
greatest corvette collections
22:20
i ever seen he was one of the largest
22:22
corvette dealers in the country
22:24
we were selling a group of his cars on
22:26
site at the dealership
22:27
and one of the cars that went through
22:30
was
22:31
his 2002 demo this is probably 2005 when
22:35
we had this auction
22:36
that 2002 he had had knee surgery so he
22:39
never drove it
22:40
it had no miles i bought it and i've
22:42
kept it ever since
22:43
that's amazing wow in the summer i take
22:46
my kids in it now and it's like the 67
22:48
it's nothing special but it was my first
22:50
corvette and my kids
22:52
have learned to enjoy it our favorite
22:54
thing is that first spring getting it
22:56
out of the garage
22:57
washing it with the kids when they're
23:00
done i have to redo it
23:03
but it's the fun that we have with it
23:05
the memories you have with your family
23:06
that's what the hobby is about
23:08
absolutely right it doesn't have to be a
23:10
special corvette per se
23:11
but it's special to you and your family
23:13
and that's what makes family memories
23:15
yep frank talk about some of the
23:17
upcoming mecum auctions
23:19
and how someone can attend or bid or
23:21
even sell their car
23:22
or their corvette possibly our next
23:24
auction
23:25
is the glendale we're looking to get
23:28
back to glendale
23:29
and have a great auction we have a great
23:32
lineup
23:33
we have a great lineup of corvettes we
23:35
just consigned just last week
23:37
a 67 l88 for the auction wow so it's
23:40
another opportunity to set the table for
23:43
another
23:44
special car to cross the mecum auction
23:46
block any bidder that wants to
23:48
attend they can go straight to
23:50
macomb.com register right on makeup.com
23:53
if you're interested in consigning your
23:55
corvette or your car
23:57
you can call the main office or fill out
23:59
the form right online
24:00
and send that in and a consignment
24:02
specialist will
24:03
take care of you after that that sounds
24:05
good frank thank you so much for taking
24:07
the time to be on corvette today
24:09
i really appreciate it like i said
24:11
earlier john cramen was on it was great
24:13
to have both of you here
24:14
on the podcast thanks steve can't wait
24:17
to see you next time in kansas city
24:18
absolutely i hope you guys will be here
24:20
sooner than later for sure
24:22
yep be next december that sounds good
24:24
thanks a lot frank ladies and gentlemen
24:26
mr frank meekum from the mecum auctions
24:28
thanks for listening to corvette today
24:30
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24:31
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24:52
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24:56
or call 913-745-360
25:02
you've been listening to corvette today
25:04
with steve garrett
25:06
if you'd like to contact steve with any
25:07
thoughts on the podcast or ideas for
25:09
guests on corvette today
25:11
you can email him at steve
25:12
stevegarrettdj gmail.com
25:16
that's stevegarrettdjmail.com
25:20
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25:22
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25:28
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25:29
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25:32
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25:40
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