Collector car insurance company Hagerty estimates that $1.3 billion in classic vehicles crossed the auction block in 2014 in North America, up slightly from 1.2 billion in 2013. About a third of that was just during the Monterey Car Week.
This weekend will see the world's collector car crowds descend on Las Vegas, NV for one of the biggest shows on Barrett-Jackson's popular auction circuit. There are hundreds of vehicles up for bidding, ranging from a brand-new Lamborghini Aventador to a spattering of Art Deco classics and a huge swath of classic muscle cars.
Of the 21 multi-million-dollar lots sold over RM Auctions' two-day Monterey event, the top six were Ferraris while the top four were members of the vaunted 275 family. In total, 13 of the 21 seven- and eight-figure entries bore the yellow shield and prancing horse of the Scuderia.
Here is your chance to own your very own piece of greased lightning. Well, not the Greased Lighting, it's actually the black, flamed 1949 Mercury convertible that races against John Travolta in the classic 1978 movie Grease, and it's for auction on eBay Motors.
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Last month we reported on a very rare McLaren being put up for auction under the auspices of Gooding & Company. One of only 106 examples of the McLaren F1 ever made, one of only 28 made in GTR competition spec, and one of just ten longtail versions, chassis number 021R won FIA GT Championship races in Germany and Finland, making it one of the most successful F1 GTRs ever campaigned and earning its place in the pantheon of McLaren lore.
The concept of a televised classic car auction is really a fairly recent phenomenon. Some of the greatest or most significant sales of all time exist only in stills and in the memories of the people who were there. Here are ten for the ages:
RM Auctions' two-day event during the Monterey car week is pretty much a matter of appetizer and main course. Friday night's appetizer saw a trio of multi-million-dollar Ferraris, along with a pre-war Mercedes-Benz and a Jaguar D-Type. You can read all about those beauties right here. But as we said in that post, the action would really happen on Saturday night. The prices listed below include RM's ten-percent commission fee, and, as you'll see, the auction house did pretty well for itself.
Pebble Beach is "Shark Week" for the classic car crowd. While it may not be good to be a seal during Shark Week, it's great to be an auction house, a mobile detailer, caterer, tent rental firm or a parking garage owner on the Monterey peninsula during Pebble Beach Week in mid-August.
Toyota's agelessly beautiful 2000GT has been sold by RM Auctions for $1.16 million, making it the new record holder for the most expensive Asian car ever sold. As always, rarity played a big factory in driving up the price; just 351 2000GT models were built, and only 62 left-hand-drive cars (like this one). The classic Toyota, standout member of Texas car-collector Don Davies' paddock, was originally a US-delivery car that spent time in a collection back in a Japan before returning to Texas just
The last car Steve McQueen ever drove in a movie is officially up for auction. The 1951 Chevrolet Styline DeLuxe Convertible you see above is now owned by none other than Rick Harrison of Pawn Stars fame, but once ferried McQueen around the set of his last film, 1980's The Hunter. That flick saw the Bullit star play a bumbling bounty hunter and didn't exactly set the box office on fire. McQueen bought the car after production wrapped, and four years later it sold at his estate sale at the Imperi
Saab lovers take notice. Swedish auction house KVD has some ultra rare Saab products on the block, and we're not talking about a 1950s Saab 92. Up for auction are a bunch of low-mileage Saab models being sold off as part of the bankrupted automaker's assets. Included in the lot of cars are models like the 2012 9-5 SportCombi (above), the 2012 9-4X (shown below) and even a 9-5 sedan driven by Victor Muller himself.
The Dean V. Kruse Foundation is hard at work scrounging up cash to pay off some serious debt, and that work has led the organization to auction off more than half of the vehicles contained in the National Military History Center collection. If you're looking for World War II-era armor, consider this your one-stop shop. Want a 1941 Krupp Flak gun? No problem. How about a 1944 Steyr full-track? This Auctions America sale has you covered. The listing even includes rarities like a 1943-44 Dragon Wag
Ever wanted to own a winning Pikes Peak car? No, we're not talking about one of Monster Tajima's rides, but a class winner and fifth overall. The car is the 2012 Palatov D4 PPS. It's for sale on eBay and it won the Unlimited class at this year's Pikes Peak hill climb.
When Steve Saleen launched his new company, SMS Supercars, back in 2008, he announced that he would be expanding his portfolio of vehicles to include the muscle car offerings from Chevrolet and Dodge. First up was the 570 and 570X Challenger, followed soon after by the 302 Mustang.
There are no less than five auctions slated for this week in Monterey, with literally hundreds of collectable cars up for sale. Bonhams, Gooding & Company, Mecum, RM and Russo and Steele have all been consigning cars for the past several months to try and lure in the thousands of automotive enthusiasts that gather in the Monterey peninsula every August.
Earlier this month we showed you the one-off Blue Angels Mustang built by Ford for this year's EAA AirVenture. The car features a unique blue chrome paint scheme and hand-painted graphics done by Creations n' Chrome, along with plenty of Ford Racing Performance Parts goodies, an interior styled after the Blue Angels pilot suit, and beautiful HRE 590RS wheels.
The last several years have seen classic Ferraris sell at auction for record-breaking prices including a 1961 Ferrari California Spyder that sold for over $10 million in 2008 and a 1957 Ferrari 250 TR that fetched more than $12 million in 2009. While those numbers seem astounding, they could be surpassed next month with auction house Gooding & Company offering up one of the most significant Ferrari race cars of all time, the 1957 250 TR prototype.