We recently reported about a cooperative effort between the Frist art and Lane auto museums in Nashville. The Porsche and Mercedes-Benz museums in Germany also did a recent joint venture, swapping some cars and offering reduced admission fees for people visiting both facilities. We applaud such linkage. Here’s another example of museum’s working together: Continue reading
Now that we’re back from Monterey Car Week and gearing up for Labor Day weekend activities, let’s take a few minutes to get caught up: Continue reading
Lessons learned in Monterey:
1. You do not sell nearly 90 Porsche cars at the same auction.
2. If you have a very-rare, high-dollar car, you do sell it at auction.
3. If you have a sub-40,000-dollar car, you do not sell it at auction in Monterey
4. For more-common Enzo-era Ferraris, the market is flat as it is for 308s and Testarossas.
5. If you have a truly important historic racer, you sell it nowhere else than at Monterey. Continue reading
The other day I was rummaging around my favorite auto-themed antique store, Rusty Sprocket Antiques in Milwaukee, Wisconsin, and came upon an item that jumped out at me.
At first glance, it was just an old 8 x 10 black-and-white photograph of a guy and his car. But there was something personal and intimate to this picture, something that alluded to a greater story behind its subject. Continue reading
I don’t know if you’ve noticed, but the dockets for the collector car auctions in mid-August on the Monterey Peninsula are beyond spectacular. Even the number-crunching, algorithm-building geeks at Hagerty announce today that they expect total Monterey auction sales to exceed $370 million.
Further, they note, nearly a dozen cars have the potential of selling for $10 million or more, in some case much, much more. Continue reading
You know the axiom that a photograph is worth a thousand words, right? Well, I’m glad that the axiom is wrong, as I just discovered while starting to page through the catalog for RM Sotheby’s upcoming Motor City auction. Continue reading
The auction market is a volatile thing. As with any such marketplace, prices can be impacted by an unfavorable classic car review, a single weak auction sell-through or the larger world economy. During the past month, we had all of these things happen at the same time. But while the market is a bit shaky, it still seems that great cars are selling for serious money. Continue reading
The Honda Accord celebrates its 40th anniversary and has reigned as the best-selling car in the United States for many of those years. The Japanese automaker has sold more than 12.7 million of them since the car first rolled out as a compact hatchback in June 1976.
Which brings up the question as to whether such a mass-produced commodity could ever become a collector car. Accords have been ubiquitous almost from their first model year, and as familiarity breeds contempt, they are rarely considered anything more than affordable, reliable transportation units to be traded in when they get old. Continue reading
As vintage-car enthusiasts whose favorite old-school rides lack the basic safety and emissions-control features mandated for modern cars, we always harbor the concern that our classics could be legislated off the road. The fear is that the day will come when we no longer could drive our old cars legally.
There are those misguided zealots who favor such draconian measures to reduce air pollution. But in most places, cooler and more-sensible heads have prevailed. Continue reading
It’s a good thing I’d finished lunch maybe a 90 minutes earlier, because as I read the dispatch on Bloomberg,com, I nearly dropped my iPad. Any earlier and I might have lost my lunch.
The headline on the story read, “The Vintage Audi That Collectors Want, But Cannot Have.” Perhaps an early quattro coupe, I wondered? They are starting to come to auction from time to time. Continue reading