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I think I left my run to late to own one of these old racers...

Author Topic: I think I left my run to late to own one of these old racers...  (Read 5416 times)

Offline Bruce

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I think I left my run to late to own one of these old racers...
« on: December 19, 2014, 11:22:27 AM »
Classic car auction sales hit $1.3B in 2014, Hagerty says

A 1962 Ferrari 250 GTO became the highest-selling auction car of all time at more than $38 million | Bob Golfen

Powered by a record $430 million in collector-car auction results during Monterey Classic Car Week in August, total auction sales in North America soared to $1.3 billion in 2014, compared with $1.2 billion in 2013, according to Hagerty classic-car insurance and valuations.

Vintage Ferraris led the charge in rising values, with high-end sports cars and historic race cars experiencing the most robust growth. There was a lesser relative increase for mid-range and affordable cars.  Read on...
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Offline Gratulin

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Re: I think I left my run to late to own one of these old racers...
« Reply #1 on: December 19, 2014, 12:30:05 PM »
Don't worry too much. I understand that almost as much is spent during the life of the car as the current value of the car simply keeping it in that concourse condition. A break even outcome at best!!

 

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