Dana Mecum Quoted in Forbes Autos Article
A recent Forbes Autos article, carried on-line at the Yahoo! Finance website and other places, quotes Dana Mecum giving his advice on picking future collectibles.
"If we look back into all the eras of collectible cars — to the Brass Era, the big American classics of the ‘30s, the European sports cars of the ‘50s, and American muscle cars of the ‘60s — a single set of facts made the cars collectible,” says Dana Mecum, president of Mecum Auctions, in Marengo, Ill. “If the car was of limited production, was special in its day, and was bought for personal enjoyment and not for basic transportation, it became collectible.”
Although it’s impossible to know exactly which cars are destined for future acclaim, looking at those indicators helps narrow the field. “In making a prediction for the future, apply that criteria to cars today — those bought primarily for pleasure and limited in production — and you'll have a strong indicator if they will be collectible in the future," Mecum says.
View the article on Yahoo! Finance here or in the attached PDF.
