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Now the broader classic car market, one of the largest alternative asset markets in the world, is still a little soft, Hagerty said. This follows a 3% decline in sales during Monterey Car Week ...
As of 2018, there were 139 used car-auction sites in the US open only to car dealers. [7] There are also auctions that are open to the public in a few states like New Hampshire and Pennsylvania . [ 8 ]
Despite getting a brighter spotlight, race cars make up a small percentage of classic-car sales. The collector-car insurer Hagerty expects racers to make up about 0.5 percent of the roughly 12,000 ...
Hemmings Motor News is a monthly magazine catering to traders and collectors of antique, classic, and exotic sports cars.It is the largest and oldest publication of its type in the United States, with sales of 215,000 copies per month, and is best known for its large classified advertising sections.
The sale, to a private buyer, was for 135 million euros ($142,769,250). It handily outstripped the previous record-setting $48.4-million sale of a 1962 Ferrari 250 GTO at a 2018 auction to become the most expensive car ever sold at auction. Both of these high-dollar sales were brokered by RM Sotheby's. [1]
Look no further than the Monterey-Pebble Beach Car Week in August, where total classic car sales reached $469 million, Yahoo Finance reported — a gain of more than one-third from the previous year.
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In 1967, they launched Fiesta de los Autos Elegantes, [6] [4] a car show to raise money for Scottsdale facilities, including an art center and a library. [7] [8] In mid-1971, Barrett and Jackson traveled to Auburn, Indiana to attend a classic car auction held by auctioneer Robert Kruse and his family. The event inspired the first Barrett ...