14 “Million Dollar Cars” sell at six auctions in eight days

Continued bouyant sales indicate that the collectible car market is cruising along at record levels with no signs of slackening.

It’s not all that long ago, that a car selling at auction for more than the magical million dollar mark would bring a round of applause, recognizing the significance of the sale. The continuing rise in values of top tier collectible cars has now seen more than 1300 cars fetch more than a million dollars, with hundreds more sold each year and 2015 set for a new record. Less than a month after Monterey Car Week saw more than 80 “Million Dollar Cars” sell, a further 14 cars topped the magic million dollar mark across six auctions in eight days. Despite some forebodings that the collectible car market had finally “topped out”, it appears that predictions of its demise were somewhat premature.

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Section: Collectibles


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Publicado el 13 de September del 2015
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