Monday, January 28, 2008

Scottsdale Classic Car Auctions Deliver Record Prices

Whilst the number of cars crossing the block at the Barrett-Jackson Collector Car Event at Scottsdale saw a decline in the total number of cars sold, there were many highlights from the $88m sale.
Total reveneus were down on the $111m of 2007, but a record attendence of 280,000 and strong prices in a number of sectors proved that, despite the current US economy, the classic car market remains buoyant. Corvettes fetched strong prices, as did 'tri-five' 1955-57 Chevys throughout the week. The average hammer price of these two groups increased by 13 percent on the previous year. In total 1,163 collector cars crossed the block. Read more here.....

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