Category archives: News

McKeel Hagerty talks ‘Mona Lisa cars’ and ‘mustache muscle’

1936 Mercedes-Benz 540, a 'Mona Lisa' car, rolls onto the block at RM Sotheby's | Larry Edsall photo
1936 Mercedes-Benz 540, a ‘Mona Lisa’ car, rolls onto the block at RM Sotheby’s | Larry Edsall photo

The collector car equivalent of Chicken Little is wrong. The sky isn’t falling. We haven’t rolled back the clock to the era of the gold-chain speculators. A bubble hasn’t burst. It is not time to panic.

Says who? Says McKeel Hagerty, that’s who, and as the largest insurer of classic and collector vehicles, Hagerty monitors the pulse of the hobby as closely as anyone. Continue reading

Preliminary Arizona auction figures show slowing market

Cars await their trip to the block at Russo and Steele, where sales figures were up compared to 2015 | Larry Edsall photo
Cars await their trip to the block at Russo and Steele, where sales figures were up compared to 2015 | Larry Edsall photo

Preliminary figures from the six classic car auctions held last week in Arizona show total sales of $250.6 million, according to Hagerty, the insurance and vehicle value-tracking company that monitors each of the auction venues.

The same auctions did $292.5 million last year, but that figure included sales of the big Ron Pratte Collection of cars and automobilia which added a full day of sales to the Barrett-Jackson schedule. Continue reading

Corvette museum’s new Skydome experience opens February 12

Artist's rendering of the new Cave In! Experience at the National Corvette Museum's Skydome | NCM photos
Artist’s rendering of the new Cave In! Experience at the National Corvette Museum’s Skydome | NCM photos

February 12 is the two-year anniversary of the sinkhole collapse beneath the Skydome at the National Corvette Museum, and is the day the museum will open its newest exhibit, Corvette Cave In! The Skydome Sinkhole Experience.

The “experience” is the new entryway to the Skydome and not only details what happened early that morning two years ago, but of western Kentucky’s sinkhole-prone karst landscape, the recovery of the eight vehicles the sinkhole swallowed and of the repairs that allowed the facility to be reopened. Continue reading

Shelby magic again lights up Barrett-Jackson auction block during the ‘Super Saturday’ sale in Scottsdale

The 1965 Shelby 289 Cobra is rolled off the Barrett-Jackson block after selling for $797,500 | Matt Fink
The 1965 Shelby 289 Cobra is rolled off the Barrett-Jackson block after selling for $797,500 | Matthew Fink

Cleo Shelby’s bright-blue eyes began tearing up as she watched one of her late husband’s landmark creations, a 1965 Shelby 289 Cobra, rumble onto the auction block at Barrett-Jackson’s busy Saturday sale in Scottsdale, Arizona.

“It’s very nostalgic for me,” she said in her rich British accent. Continue reading

Top end flat, but more modern middle of the market posting strong numbers at Arizona auctions

Cars awaiting new owners at Silver Auctions | Larry Edsall photos
Cars awaiting new owners at Silver Auctions | Larry Edsall photos

While the dramatic growth at the top end of the classic and collector car market has slowed, there’s still plenty of money to be made in the middle of the hobby. Hagerty, the classic car insurance and price-tracking company, monitors all the Arizona Auction Week sales and notes that prices are soaring for such cars such as the fourth-generation Chevrolet Corvette, Mercedes-Benz SL500 and Bandit-era Pontiac Trans Ams. Continue reading

Record falls, but Arizona still without an 8-figure sale

1936 Mercedes-Benz 540 K Special Roadster on the block Friday at RM Sotheby's | Larry Edsall photos
1936 Mercedes-Benz 540 K Special Roadster on the block Friday at RM Sotheby’s | Larry Edsall photos

Arizona still hasn’t had a collector car sell for eight figures at any of its classic car auctions, events which have been taking place since the early 1970s. But while the $9.9 million price paid Friday night at RM Sotheby’s for a pre-war Mercedes-Benz fell just shy of cracking the great eight barrier, it did represent a record price paid for any vehicle at any Arizona auction. Continue reading

Charities benefit as Leno sells his truck, Acura NSX sets record for VIN 001 vehicle at auction

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Jay Leno on the block as his truck is being sold | Matthew Fink photo

Among the most exciting moments at Barrett-Jackson’s annual Scottsdale auction are the selling of vehicles to benefit charities, which seems fitting since Tom Barrett and Russ Jackson and their families first got together to stage the Fiesta de los Autos Elegantes, a charity car show that raised money for the Scottsdale art center and library. Continue reading

Sale of unique Alfa Romeo Buano coupe in Scottsdale refocuses question of restoration vs. preservation

The coachbuilt 1955 Alfa Romeo 3500C SS coupe was first shown at the Turin Motor Show | Bob Golfen photos
The coachbuilt 1955 Alfa Romeo 3500C SS coupe was first shown at the Turin Motor Show | Bob Golfen photos

Once again, the Gooding & Company auction presented some interesting “barn find” European sports cars at its Scottsdale sale, including one of the signature cars of the event, a one-a-kind 1955 Alfa Romeo 1900C SS Coupe Speciale, in distressed yet picturesque condition.

With evocative coachwork by Buano created for display at the 1955 Turin Motor Show, the Alfa was a center of attention at Gooding, even with a cracking repaint in an incorrect red color and some rough-looking dents on top of the alloy right-front fender. Continue reading

In Arizona, bids on 911s, E-types show changing marketplace

A Jaguar E-type on the block at Gooding & Company sale Friday | Andy Reid photos
A Jaguar E-type on the block at Gooding & Company sale Friday | Andy Reid photos

Hagerty, the classic car insurance and price-tracking company that supplies our daily Arizona Auction Week sales figures, notes that it has an eye on how the market has shifted in comparison with the same sales a year ago. Today, it looks at sales of the Porsche 911 and Jaguar E-type. Continue reading

Baseball star and car collector Reggie Jackson becomes partner in Rick Cole Auctions

Rick Cole stages an annual showroom-style smart-phone auction in Monterey | Larry Edsall photo
Rick Cole stages an annual showroom-style smart-phone auction in Monterey | Larry Edsall photo

Baseball Hall of Famer and well-known car collector Reggie Jackson has taken an ownership interest in Rick Cole Auctions, the company’s president Terry Price announced Thursday. Continue reading