Hagerty released its monthly collector car market rating number just as the auctions on the Monterey Peninsula were ending, which means the August rating does not reflect anything that happened last week. Continue reading
Hagerty released its monthly collector car market rating number just as the auctions on the Monterey Peninsula were ending, which means the August rating does not reflect anything that happened last week. Continue reading →
More than 100 Special Olympic athletes from all over the world will ride in classic and exotic cars August 22 in the Twilight Dream Cruise and Wrangler Rally through the streets of Connecticut cities New Britain, Newington, Avon and Farmington.
The collector car auctions wrapped up Sunday night on the Monterey Peninsula — sort of. There are some after-block sales to secure and Rick Cole’s absentee-bidder, smartphone-bidding auction has yet to announce its results (they’re expected sometime Tuesday), but the early impression remains that the top end of the marketplace continues to be speeding along.
And it also seems apparent that those who seek classic cars at more widely accessible prices are doing their shopping somewhere other than on the Monterey Peninsula, where classic cars aren’t the only pricey objects.
Buoyed by eight million-dollar vehicles, Mecum Auctions’s sales total was up nicely from 2014, but the other more mainstream sales were not; Russo and Steele’s sales were down to $8.5 this year from $9.6 million last year, and the new JR Auctions company sold only seven vehicles. Continue reading →
With a 77 percent sell-through rate, Mecum’s inaugural ‘Gone Farmin’ auction in Harrisburg, Pennsylvania, sent 107 tractors aross the block and posted sales of over a half a million dollars.
The 65th annual Pebble Beach Concours d’Elegance returned to the classics Sunday with its best of show winner, a spectacular 1924 Isotta Fraschini Tipo 8A cabriolet that stood apart from among more than 200 of the world’s greatest vintage cars.
The top end of the collector car marketplace continued to sizzle Saturday at the auctions taking place on the Monterey Peninsula, where Gooding & Company posted nearly $70 million in sales on the opening day of its auction and where million-dollar bids were commonplace not only at Gooding and RM Sotheby’s but at Mecum Auctions as well.
According to figures provided by Hagerty, the insurance and classic car value-tracking company that monitors all Monterey auctions, sales totals for the six auctions taking place during Monterey Classic Car Week totaled $338.4 million through Saturday. That figure trails the same-date number from 2014, but then there was a Ferrari GTO that was up for bidding a year ago and that car by itself accounted for more than $38 million of the 2014 auction total. Continue reading →
The Monterey Peninsula isn’t the only place the automobile and its role in American life is being celebrated this weekend. In the Detroit area, it’s Woodward Dream Cruise weekend.
“So many special life moments that create lasting memories are connected to cars,” McKeel Hagerty, chief executive of Hagerty, the classic car insurer and value tracker, was quoted in a news release. Continue reading →
The top end of the collector car market continued its surge Friday when RM Sotheby’s posted another eight-figure sale, when seven-figure bids were commonplace at that sale and at Bonhams, and when Mecum Auctions joined the million-dollar club on the Monterey Peninsula.
Overall through Friday, sales are slightly ahead of the record pace of 2014, totaling $188 million, according to figures provided by Hagerty, the classic car insurance and value-tracking company. Continue reading →
The sale Thursday of the Pinnacle Portfolio by RM Sotheby’s would set the tone for the entire classic car auction weekend on the Monterey Peninsula, Rick Cole predicted a couple of days earlier. Well, if the father of classic car sales at Monterey was correct, it’s going to be a truly spectacular and record-setting sales weekend.
Usually the biggest numbers of the Monterey auction week come over the weekend. But because of the scope of the Pinnacle Portfolio, a group of valuable cars coming out of a single collection, RM Sotheby’s decided to start things early with a single-evening sale of the special collection.
Would it work? Would buyers respond? Continue reading →
Saturday is the kickstart launch party for the new Classic Motorcycles exhibit at the Simeone Foundation Automotive Museum in Philadelphia, Pennsylvania. The exhibit, featuring BMW, police and land speed-record motorcycles, runs through September 11.
On August 23, the museum stages its first one-day Elite Tuner show with more than 200 of the best tuner cars from across the country filling the museum’s three-acre parking lot and with 20 more cars inside in addition to the museum’s 65-car display. Continue reading →