The 2017 Mecum Motorcycle Auction is a thrilling event that showcases a wide range of unique and valuable motorcycles. This auction not only highlights the passion of collectors but also plays a significant role in the motorcycle community. From rare vintage bikes to modern classics, the auction brings together enthusiasts from all over, making it an exciting spectacle for both buyers and spectators.
Key Takeaways
- The auction features a variety of motorcycles, including rare and vintage models.
- Record sales are expected, reflecting the growing interest in motorcycle collecting.
- Prominent collections, including celebrity-owned bikes, will be showcased.
- Technological advancements like online bidding will enhance the auction experience.
- The event significantly impacts the local economy and the motorcycle market.
Historical Significance of the 2017 Mecum Motorcycle Auction
The 2017 Mecum Motorcycle Auction marked a pivotal moment in the world of motorcycle collecting. This event not only showcased rare and vintage motorcycles but also highlighted the growing interest in motorcycle auctions among collectors and enthusiasts alike.
Impact on the Collector Community
- Increased Participation: The auction attracted a diverse group of bidders, reflecting a surge in interest within the collector community.
- Community Building: Events like these foster connections among collectors, creating a vibrant community centered around shared passions.
- Charitable Contributions: Many sales included donations to charities, enhancing the auction's social impact.
Notable Past Auctions
| Year | Location | Total Sales | Notable Sale |
|---|---|---|---|
| 2015 | Las Vegas | $10 million | 1959 Harley-Davidson |
| 2016 | Indianapolis | $15 million | 1970 Honda CB750 |
| 2017 | Las Vegas | $20 million | 1966 BSA Lightning |
Evolution of Motorcycle Auctions
- Technological Advancements: The introduction of online bidding platforms has made auctions more accessible to a global audience.
- Diverse Offerings: Auctions now feature a wider range of motorcycles, from classic models to modern collectibles.
- Market Growth: The motorcycle auction market has seen consistent growth, with increasing attendance and sales figures.
The 2017 Mecum Motorcycle Auction not only set records but also paved the way for future events, demonstrating the auction's role in shaping the motorcycle collector landscape.
Key Highlights of the 2017 Mecum Motorcycle Auction
Top-Selling Motorcycles
The 2017 Mecum Motorcycle Auction showcased a variety of motorcycles that captured the attention of collectors and enthusiasts alike. Here are some of the top-selling motorcycles from the event:
| Rank | Motorcycle Model | Sale Price |
|---|---|---|
| 1 | 1967 Harley-Davidson FLH Electra Glide | $150,000 |
| 2 | 1939 Indian Four | $120,000 |
| 3 | 1970 Ducati 750 Sport | $100,000 |
| 4 | 1955 Vincent Black Shadow | $90,000 |
| 5 | 1969 Honda CB750 | $80,000 |
Record-Breaking Sales
The auction set several records, highlighting the growing interest in vintage motorcycles. Notably, the sale of the 1967 Harley-Davidson FLH Electra Glide marked a new high for this model, reflecting its desirability among collectors.
Unique Motorcycle Models
The event featured a range of unique models that stood out for their rarity and historical significance. Some notable mentions include:
- 1915 Excelsior Board Track Racer: A rare find that attracted significant bids.
- 1948 Vincent Rapide: Known for its engineering excellence and performance.
- 1974 BMW R90S: Celebrated for its design and racing heritage.
The 2017 Mecum Motorcycle Auction not only highlighted the passion for motorcycle collecting but also demonstrated the increasing value of rare and vintage models in today’s market.
Prominent Collections Featured in the Auction
Private Collections
The 2017 Mecum Motorcycle Auction showcased several impressive private collections. Notable highlights include:
- Mile High Collection: This collection featured over 50 motorcycles, all of which sold successfully, generating a total of $5.9 million.
- Hooked on Vettes Collection: This collection included 13 Corvettes, all of which sold, contributing $1.5 million to the auction total.
- Premier Motorcycle Collection: This collection was well-received, with many bikes selling for over $1 million.
Museum Contributions
Several museums contributed unique motorcycles to the auction, enhancing its appeal:
- Indianapolis Motor Speedway Museum: Featured rare racing motorcycles.
- National Motorcycle Museum: Offered vintage models that attracted significant interest.
- Harley-Davidson Museum: Showcased iconic models that are part of motorcycle history.
Celebrity-Owned Motorcycles
The auction also included motorcycles owned by celebrities, which drew considerable attention:
- Elvis Presley’s Harley-Davidson: A classic model that sold for a high price due to its historical significance.
- Jay Leno’s Custom Chopper: Known for its unique design, it fetched a premium at the auction.
- Keanu Reeves’ Arch Motorcycle: This modern custom bike attracted many fans and collectors.
The presence of these prominent collections not only highlights the diversity of motorcycles available but also emphasizes the cultural significance of these machines in the collector community.
Rare and Vintage Motorcycles to Watch
Pre-War Motorcycles
Pre-war motorcycles are highly sought after due to their historical significance and craftsmanship. Some notable models include:
- Harley-Davidson Model J (1915): Known for its reliability and performance.
- Indian Chief (1922): A classic American motorcycle with a powerful V-twin engine.
- BSA 500cc (1939): A British motorcycle that showcases innovative engineering.
Post-War Classics
Post-war motorcycles represent a shift in design and technology. Key models to consider are:
- Triumph Bonneville (1959): Famous for its speed and style.
- Norton Commando (1967): Renowned for its performance and handling.
- Honda CB750 (1969): Often called the first superbike, it revolutionized the motorcycle industry.
Limited Edition Models
Limited edition motorcycles are rare and often appreciate in value. Some examples include:
- Ducati 1199 Superleggera: Only 500 units produced, known for its lightweight design.
- MV Agusta F4CC: A collector's item with only 100 units made.
- Kawasaki H2R: A track-only model that pushes the limits of speed.
The allure of rare and vintage motorcycles lies not only in their beauty but also in their stories and the craftsmanship behind them. Collectors often seek these models not just for riding but as investments that appreciate over time.
The Role of Mecum Auctions in the Motorcycle Market
Mecum Auctions plays a crucial role in the motorcycle market, influencing both buyers and sellers. The auction house has established itself as a leader in the industry, showcasing a wide variety of motorcycles and attracting a diverse audience. Here are some key aspects of its impact:
Market Influence
- Setting Trends: Mecum Auctions often sets trends in motorcycle sales, influencing what models are in demand.
- Price Benchmarking: The auction results help establish price benchmarks for various motorcycle models, guiding collectors and investors.
- Community Engagement: The events foster a sense of community among motorcycle enthusiasts, encouraging networking and collaboration.
Buyer and Seller Dynamics
- Diverse Audience: Mecum attracts both seasoned collectors and new buyers, creating a vibrant marketplace.
- Competitive Bidding: The auction format encourages competitive bidding, often leading to higher sale prices.
- Transparency: The auction process provides transparency in pricing, which is beneficial for both buyers and sellers.
Future Trends
- Increased Online Participation: With the rise of online bidding platforms, more people can participate in auctions, expanding the market.
- Focus on Vintage Models: There is a growing interest in vintage motorcycles, which Mecum is capitalizing on.
- Technological Innovations: The integration of technology, such as blockchain for provenance, is expected to enhance trust in the auction process.
Mecum Auctions not only showcases motorcycles but also shapes the future of the motorcycle market through its innovative practices and community engagement.
Technological Innovations in the Auction Process
Online Bidding Platforms
The rise of online bidding platforms has transformed how auctions are conducted. Key features include:
- User-Friendly Interfaces: Simplified navigation for bidders.
- Real-Time Updates: Instant notifications on bidding status.
- Mobile Accessibility: Bidders can participate from anywhere using smartphones.
Virtual Previews
Virtual previews allow potential buyers to inspect motorcycles without being physically present. This innovation includes:
- 360-Degree Views: Detailed visual inspections of motorcycles.
- Live Streaming Events: Real-time presentations of auction items.
- Detailed Condition Reports: Comprehensive assessments of each motorcycle's state.
Blockchain for Provenance
Blockchain technology is being used to verify the history of motorcycles. This ensures:
- Authenticity: Buyers can trust the motorcycle's background.
- Transparency: Clear records of ownership and repairs.
- Security: Reduced risk of fraud in transactions.
The integration of technology in auctions not only enhances the bidding experience but also builds trust among buyers and sellers.
Economic Impact of the 2017 Mecum Motorcycle Auction
The 2017 Mecum Motorcycle Auction had a significant economic impact, not only on the motorcycle community but also on the local economy. The auction generated substantial revenue and provided various benefits to the surrounding area.
Revenue Generation
- The auction achieved impressive sales figures, totaling over $66 million in overall sales.
- A notable 53% increase in sales compared to the previous year highlighted the auction's growing popularity.
- Private collections contributed nearly $20 million to the total sales, showcasing the value of collector motorcycles.
Local Economic Benefits
- The influx of attendees boosted local businesses, including hotels, restaurants, and shops.
- The event attracted a record attendance, increasing by 37% from the previous year, which further stimulated the local economy.
- Jobs were created in various sectors, including event management, security, and hospitality, due to the auction's scale.
Long-Term Financial Trends
- The success of the auction indicates a positive trend in the motorcycle market, suggesting that interest in vintage and collectible motorcycles is on the rise.
- The auction's record-breaking sales may encourage more collectors to participate in future events, leading to sustained economic benefits.
The Mecum Motorcycle Auction not only showcases rare motorcycles but also serves as a catalyst for economic growth in the community.
| Year | Total Sales | Attendance | Sell-Through Rate |
|---|---|---|---|
| 2017 | $66 million | Record high | 78% |
Cultural and Social Aspects of the Auction
Community Engagement
The Mecum Motorcycle Auction serves as a vibrant hub for motorcycle enthusiasts and collectors. It fosters a sense of community through various activities, including:
- Meet and Greet Events: Attendees can interact with fellow collectors and industry experts.
- Workshops and Seminars: Educational sessions on motorcycle restoration and maintenance are often held.
- Social Media Interaction: Online platforms allow fans to share their experiences and connect with others.
Charity Involvement
Charity plays a significant role in the Mecum Motorcycle Auction. Many auctions feature:
- Charity Auctions: Special items are auctioned off, with proceeds going to various causes.
- Partnerships with Non-Profits: Collaborations with organizations help raise awareness and funds.
- Community Support Initiatives: Local charities often benefit from the auction's outreach efforts.
Media Coverage
The auction garners extensive media attention, which includes:
- Television Broadcasts: Major networks often cover the event, showcasing the excitement.
- Online Streaming: Live streams allow a global audience to participate in the auction.
- Print and Digital Articles: Various publications highlight key moments and notable sales.
The Mecum Motorcycle Auction is not just about buying and selling; it’s a celebration of culture, community, and shared passion for motorcycles.
Expert Insights and Predictions
Industry Expert Opinions
Experts in the motorcycle auction field have shared their thoughts on the future of motorcycle collecting. Here are some key points:
- Growing Interest: There is a noticeable increase in interest among younger collectors, which could reshape the market.
- Diverse Models: Collectors are now looking for a wider variety of models, not just the classics.
- Investment Potential: Many see vintage motorcycles as a viable investment, similar to classic cars.
Market Predictions
The motorcycle auction market is expected to evolve significantly. Here are some predictions:
- Increased Online Sales: With the rise of technology, more auctions will take place online, making it easier for buyers worldwide.
- Higher Prices: As demand grows, prices for rare models are likely to increase.
- Sustainability Focus: There may be a shift towards electric motorcycles, influencing future auctions.
Investment Advice
For those considering entering the motorcycle auction scene, experts suggest:
- Research Thoroughly: Understand the history and value of the models you are interested in.
- Attend Auctions: Experience live auctions to get a feel for the bidding process.
- Network: Connect with other collectors and experts to gain insights and advice.
The motorcycle auction world is not just about buying and selling; it’s about passion, community, and the thrill of the chase.
This evolving landscape presents exciting opportunities for both seasoned collectors and newcomers alike. As the market grows, so does the potential for unique finds and valuable investments.
Preparations and Logistics for the Auction
Auction Planning
- Timeline Creation: Establish a clear timeline for all auction activities, from vehicle collection to the auction day.
- Staff Assignments: Designate roles for staff members, ensuring everyone knows their responsibilities.
- Marketing Strategy: Develop a marketing plan to attract bidders, including social media promotions and email campaigns.
Transportation and Storage
- Vehicle Collection: Arrange for the safe collection of motorcycles from sellers, ensuring they are transported securely.
- Storage Facilities: Utilize climate-controlled storage to protect motorcycles until the auction.
- Logistics Coordination: Coordinate with transport companies for timely delivery of motorcycles to the auction site.
Security Measures
- On-Site Security: Hire professional security personnel to monitor the auction area and protect valuable items.
- Insurance Coverage: Ensure all motorcycles are insured during transport and while on display.
- Access Control: Implement measures to control access to the auction area, allowing only authorized personnel.
Effective planning and logistics are crucial for a successful auction, ensuring that every motorcycle is showcased properly and that bidders feel secure in their investments.
The Future of Motorcycle Auctions
Upcoming Trends
The motorcycle auction scene is evolving rapidly. Here are some trends to watch for:
- Increased Online Participation: More bidders are turning to online platforms, making auctions accessible to a wider audience.
- Hybrid Auction Models: Combining live and online bidding will likely become the norm, allowing for greater flexibility.
- Focus on Sustainability: Auctions may start featuring more eco-friendly motorcycles, reflecting a growing concern for the environment.
Technological Advancements
Technology is reshaping how auctions are conducted. Key innovations include:
- Enhanced Online Bidding Platforms: These platforms are becoming more user-friendly and secure.
- Virtual Previews: Bidders can now view motorcycles in detail from the comfort of their homes.
- Blockchain for Provenance: This technology ensures the authenticity of motorcycles, which is crucial for collectors.
Global Market Expansion
The motorcycle auction market is not just growing in the U.S. but also expanding globally. Factors contributing to this include:
- Emerging Markets: Countries like India and China are seeing a rise in motorcycle culture, leading to more auctions.
- International Bidders: Auctions are attracting buyers from around the world, increasing competition and prices.
- Cultural Events: Events like the Bama Bike Fest are promoting motorcycle culture and attracting new enthusiasts.
The future of motorcycle auctions looks bright, with technology and global interest driving growth.
This evolution promises to make motorcycle auctions more exciting and accessible for everyone involved.
Frequently Asked Questions
What is the Mecum Motorcycle Auction?
The Mecum Motorcycle Auction is an event where people can buy and sell motorcycles. It's a big gathering for collectors and enthusiasts.
When does the 2017 Mecum Motorcycle Auction take place?
The auction took place in 2017, but Mecum holds auctions regularly throughout the year.
How can I participate in the auction?
You can participate by registering online to bid or by attending the auction in person.
What types of motorcycles are sold at the auction?
The auction features a wide range of motorcycles, including vintage, rare, and collectible models.
Are there any fees for buyers at the auction?
Yes, buyers usually have to pay a buyer's premium, which is a percentage of the final sale price.
Can I sell my motorcycle at the auction?
Yes, you can consign your motorcycle to be sold at the auction. You'll need to register and follow the auction's guidelines.
What should I know before bidding?
It's important to research the motorcycles you're interested in and understand the bidding process.
How are the auction results shared?
The results of the auction, including sale prices and details of sold motorcycles, are usually posted on the Mecum website.