About
In 1959, William Jacobs started Columbus Fair Auto Auction based on excellent customer service and fairness. He recognized that auctions offered a solution to automobile dealers’ needs for a source and marketplace for used motor vehicles. Obviously, the financial risk of leasing space at the Ohio State Fairgrounds to run a one-lane auction in 1959 was small, but significant for this startup entrepreneurial endeavor. It, however, pales in comparison to the present multi-million dollar investment in today’s 85-acre facility in Obetz. However, the original strategy of offering a marketplace for used vehicles where buyers and sellers would congregate for the benefit of both continues today. A great many changes have taken place in the auto auction business. But one thing that hasn’t changed is Jacobs’ basic business premise and the operating philosophy of fairness and excellent customer service. It is that reputation which has earned a tremendous following among dealers from nearly all 50
Investment Focus
- Stages
- seed
- Location
- Columbus, US
Contact Information
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