Hagerty chart shows biggest losers in classic car depreciation

Hagerty
Hagerty

The Hagerty collector car insurance and valuation company recently released the 31st edition of its closely watched Hagerty Price Guide after a period of ups and downs and mood swings in the classic car market.

Among the results were a number of high-profile cars that have depreciated after several years of climbing in value. Among them, such modern supercars as the Ford GT and the Porsche Carrera GT, as well as vintage favorites such as the Toyota 2000GT and the Ferrari Dino 246 GT. Even some so-called blue-chip collector cars, such as the Mercedes-Benz 300SL, softened slightly. Continue reading

Eye Candy: Milwaukee Concours d’Elegance

Ferraris pose with a backdrop of the Milwaukee skyline | William Hall photos
Ferraris pose with a backdrop of the Milwaukee skyline | William Hall photos

They had the yachts, they had the waterfront, and they certainly had the beautiful cars. They even had the fog. Pebble Beach? Nope. The Milwaukee Concours d’Elegance…one week later and 2,276 miles apart.

The event, now in its 11th year, is under new leadership and has a new name. Formerly known as the Milwaukee Masterpiece, the re-brand reveals the event’s aspirations to become the premier concours d’elegance in the Midwest. Continue reading

Eye Candy: Bob’s Monterey Car Week highlights

A 1912 Delaunay-Bellville omnibus careens across the lawn at Pebble Beach Concours | Bob Golfen photos
A 1912 Delaunay-Bellville omnibus careens across the lawn at Pebble Beach Concours | Bob Golfen photos

Monterey Car Week seems so overwhelming at the start. Great cars everywhere you look, too much to do, too much traffic – which is kind of ironic since most of the vehicle occupants are there to see cars – so many old friends to greet, and just the whole atmosphere of automotive overindulgence. Continue reading

Eye Candy: Porsche 356 Dana Point Concours

The Porsche 356 concours was held at Lantern Bay Park in Dana Point, California | Bob Golfen photos
The Porsche 356 concours was held at Lantern Bay Park in Dana Point, California | Bob Golfen photos

To outsiders, the Porsche 356 is a strange little beast, squat and round and so unlike the sleek exotics favored by most European car buffs. But for those who know them, the little cars originally created by Ferdinand Porsche are simply the most fun on wheels, their unique design and driving character making them a consistent favorite among those who love sports cars.

Southern California is the Mecca for 356 fanatics so, not surprisingly, the 356 Club of Southern California is the biggest regional contingent in the United States. Last weekend, the club hosted its 30th annual Dana Point Concours, which the club notes is the largest “356-only fully judged concours in the world.” Continue reading

Modern supercar exotics add luster to Mecum’s Monterey auction

A 2014 Ferrari LaFerrari hybrid supercar makes a rare auction appearance | Mecum Auctions
A 2014 Ferrari LaFerrari hybrid supercar makes a rare auction appearance | Mecum Auctions photos

Mecum Auctions are not exactly known as the venues for buying modern ultra-exotic European sports cars, but nonetheless its Monterey sale is bristling with very high-tech offerings from many of the greatest names in supercars.

The hyper performers from Ferrari, Bugatti, Aston Martin, Porsche and McLaren made since the dawn of the new millennium boast stunning horsepower as well as eye-popping styling and design, and they should boost the bottom line considerably for the Mecum collector car sale August 18-20 in Monterey. Continue reading

Colorful Porsche 911 ‘art cars’ to grace Russo and Steele auction

The 1989 Porsche 911 creatively painted by a Canadian artist | Russo and Steele photos
The 1989 Porsche 911 creatively painted by a Canadian artist | Russo and Steele photos

Porsche 911s are already works of art, according to most followers of the German marque, but a small group of Quebec artists took that a step further by using the classic sports coupes as canvases for evocative paintings.

The Art Cars Project started in 2006 when a creatively painted 911 by Canadian artist Claude Le Sauteur debuted to acclaim at Musée National des Beaux Arts du Québec (National Museum of Fine Arts of Quebec). Shortly after, the decision was made to expand the project by having eight artists, four Canadians and four from elsewhere around the globe, each design and paint a similar Porsche 911 artwork. Continue reading

Paul Newman 935 racer among top Porsches at Gooding auction

The 1979 Porsche 935 was co-driven by actor Paul Newman at the 24 Hours of Le Mans | Gooding photos
The 1979 Porsche 935 was co-driven by actor Paul Newman at the 24 Hours of Le Mans | Gooding photos

‘A thrilling spectrum of important Porsches” is how Gooding & Company describes the top-drawer Porsche competition cars, including one driven at Le Mans by Hollywood legend Paul Newman, and rare sports cars to be offered at Gooding’s Pebble Beach Auction in August.

Valued in the high-six and seven figures, these are the Porsche collector’s equivalent of paintings by Monet or Gauguin, highly desirable and exclusive, and unattainable for most of us. Continue reading

Motorsports stars of The Quail announced for Monterey week

A 1957 Lancia Aurelia B20 “Outlaw” Coupe modified in the style of a champion 1951 race car | The Quail photos
A 1957 Lancia Aurelia B20 “Outlaw” Coupe modified in the style of a champion 1951 race car | The Quail photos

One of the most exclusive events on the Monterey Peninsula during the Pebble Beach Concours d’Elegance week is The Quail, A Motorsports Gathering, which takes place August 19 on the lawns of Quail Lodge and Golf Club in Carmel, California. Tickets are limited and pricey, refreshments are haute cuisine and the 200 sporting motorcars displayed on the grass are among the best in the world. Continue reading

Market Report : Popular muscle cars showing strength

A 1953 Jaguar C-Type was one of the highest-selling cars of the month at $8 million | Bonhams
A 1953 Jaguar C-Type was one of the highest-selling cars of the month at more than $8 million | Bonhams

There has been quite a lot going on in the collector car auction market since last month’s report for Classiccars.com. RM Sotheby’s held its Monaco sale, Mecum held its sale in Indy, Auctions America held its spring Auburn sale, and Bonhams held its Monaco sale, the first since 2010.

Much like last month, cars are still selling and while we now have more of a buyer’s market than a seller’s market, cars are still being sold and sold for strong money. The sweet spot in the market seems to be with cars under $100,000, which are selling fast and for strong money. Continue reading