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Auction sales during Monterey Car Week fell 3% from last year, as a shift from older to newer cars left a pileup of unsold classics from the 1950s and 1960s. ... the classic-car insurance company ...
The auction was originally meant as a one-time event, [9] but was more successful than expected, garnering 3,000 attendees. It became an annual event, [6] and eventually prompted the creation of other collector car auctions in the Scottsdale area. [10] Jackson's wife Nellie was a car enthusiast and also took part in the business. [11]
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]
Mecum Auctions, Inc. is an American auction company specializing in collector cars and motorcycles. It was founded by Dana Mecum in 1988, and was originally based in Marengo, Illinois . Since 2011, it has been headquartered in Walworth, Wisconsin .
A 250 GTO hasn’t gone up for sale since 2018, when a 1962 model went for $48.4 million, according to the Wall Street Journal. (Just 34 of the cars were produced.) This particular vehicle has ...
For Hagerty, which now owns its own auction house, classic car shows (including Amelia Island), and even a media company, a dip in the classic car market isn’t impacting business.
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