Bring A Trailer is increasingly becoming the GO-TO on-line site to buy or sell a collector car. This No-Reserve 1967 Austin Healey 3000 almost complete project is going to a new owner in about 24 hours!
Monterey Car Week 2019 is over, with sales totaling $246 million — down from 2018’s $375 million total. These auction houses have released preliminary totals.
Whether you are buying a collector car from a dealer or private seller, and have the possibility of bringing in an appraiser to look at the car, it really behooves you to do so.
A 1962 Ferrari 250 GT SWB Berlinetta will cross the block at no reserve during RM Sotheby’s August 15-17 Monterey Auction.
1939 Porsche Type 64 Berlin-Rome at RM Sotheby’s Monterey The first car to ever wear a Porsche badge — and the direct ancestor of the 356 — will cross the block at RM Sotheby’s Monterey Auction. This 1939 Porsche Type 64 Berlin-Rome was the personal car of Ferdinand and Ferry Porsche.
For his son’s 10th birthday, Keith Martin, the publisher of Sports Car Market magazine and host of the TV series “What’s My Car Worth?” bought his son Bradley a 1960 Austin-Healey Bugeye Sprite. Keith’s first car was a Bugeye, and he was indulging in a romantic recreation of his own past.
More from Amelia Island: 1996 Nissan 300ZX Twin Turbo - Lot 102 (RM Sotheby’s) Sold for $53,200 Younger collectors are creating an increase in demand for ’90s Japanese sports cars, and while the Nissan Skyline, Toyota Supra and Acura NSX are getting the bulk of the attention, it’s a tide that’s raising all ships, including the Nissan 300ZX.
The 2019 Amelia Island Auction Week total now stands at $80 million. A 1965 Ferrari 275 GTB brought $2,205,000 at RM Sotheby’s — and was high sale at the 2019 Amelia Island Auction Week. RM Sotheby’s led all auctions houses with a $38.1 million total during their March 8-9 auction. Gooding and Company totaled $22 million during their March 8 auction. A 1930 Packard 734 Speedster Runabout was high sale at $1,765,000.
The Restomod is a relatively recent phenomenon in the collector-car world. As an alternative to the “survivor restoration” process, these new cars mix old and new technology to create the best of both worlds, matching classic styling with modern comfort, performance and reliability. From giant, retro-styled wheels to Singer’s hand-built Porsches, enthusiasts are able to have their cake and eat it too!
Want to get into the collector car hobby through financing? Here are some options to consider and remember in almost all cases the lender will require an independent current Fair Market Value Appraisal to determine the amount of the loan. Hobby-Specific Financing: This is a fairly new alternative for someone wishing to buy an antique, classic or collectible vehicle. The loan representatives understand the collector car market – namely, why a 40-year old car might cost upwards of $50,000, or much more! Interest rates tend to be low and loan terms can be generous, keeping monthly payments affordable. See a list of potential loan providers. PROS: Very low monthly payments doesn’t tie up cash CONS: The cost of borrowing money