Xtreme Gaming Network

General Category => News => Topic started by: Bruce on December 19, 2014, 11:22:27 AM

Title: I think I left my run to late to own one of these old racers...
Post by: Bruce on December 19, 2014, 11:22:27 AM

Classic car auction sales hit $1.3B in 2014, Hagerty says

(http://cdn.classiccars.com/wp-content/uploads/2014/12/Ferrari-GTO-1024x606.jpg)

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... (http://blog.classiccars.com/classic-car-auction-sales-hit-1-3b-2014-hagerty-says/?utm_source=ClassicCars.com+Newsletter&utm_campaign=7dabd74f61-The_Latest_from_ClassicCars_com12_17_2014&utm_medium=email&utm_term=0_59461abf0d-7dabd74f61-162275213)

Title: Re: I think I left my run to late to own one of these old racers...
Post by: Gratulin 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!!