Dave Magers — CEO of Mecum Auctions (2 trade ideas)

← All Speakers
Date Ticker Direction Thesis Source
Feb 13, 2026
LVMH /RMS
LONG Mecum sold $460 million in cars in January. The CEO states that for "monumentally significant" cars, payment was received "pretty much immediately," indicating ample liquidity among buyers. The "Wealth Effect" is clearly active. If high-net-worth individuals are deploying hundreds of millions into vintage cars with immediate cash settlement, the consumer at the very top of the pyramid is healthy. This spending power spills over into other heritage luxury goods (handbags, watches, fashion). LONG. Bullish signal for top-tier luxury conglomerates catering to the ultra-wealthy. Wealth taxes or significant changes in capital gains tax structures could dampen demand for luxury collectibles. Bloomberg Markets
Ferrari's Flying Off the Auction Block for Mi...
Feb 13, 2026
RACE
LONG The auction saw a 1962 Ferrari 250 GTO sell for $38.5 million and a Ferrari Enzo for $18 million. A single collection (Bachmann) of 46 Ferraris brought in over $120 million. Record-breaking auction prices for vintage models act as a massive marketing engine for the modern Ferrari brand. It reinforces the "Veblen good" status of the vehicles, proving that Ferraris are not just depreciating assets but investment-grade stores of value. This supports Ferrari's pricing power and brand equity in the primary market. LONG. The secondary market validates the primary market's exclusivity strategy. A broader economic downturn could eventually impact high-net-worth discretionary spending, though the ultra-wealthy are currently showing resilience. Bloomberg Markets
Ferrari's Flying Off the Auction Block for Mi...