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Are The Prices Of Classic Cars Going Down ?

 
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RaymondGalla



Joined: 28 Jan 21
Posts: 31


PostPosted: Mon Jun 21, 2021 5:55 am    Post subject: Are The Prices Of Classic Cars Going Down ? Reply with quote

The Scottsdale Az collector car auctions are taking place in the United States this weekend.

Barrett-Jackson dominates the weekend, with several days of live auctions. 75% of the cars are produced in the US after 1940, with a lot of modified classics (high-end hot rods) and customs among the baby boomer muscle cars.

However, other major players are well represented - Gooding, RM Sotheby's, Bonhams and others.

Some of them now stream their auctions online, so you can see the action in real time.

The trend I noticed last summer during Monterey Week seems to be continuing in Scottsdale - 90% of the cars DON't reach pre-sale estimates. In most cases, it falls short by 10-20%, and in some cases even more.
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KatherineMackenzie



Joined: 26 Apr 21
Posts: 36


PostPosted: Wed Jun 23, 2021 9:53 am    Post subject: Reply with quote

Yep, it's true.
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DonnaWilson



Joined: 26 Apr 21
Posts: 37


PostPosted: Wed Jun 23, 2021 9:56 am    Post subject: Reply with quote

I do not recommend buying used cars at auctions. Often people are deceived at such auctions. For example, they sell them a car with bad parts, and so on. In short, it's Russian roulette. I understand that some people want to try driving classic cars and then have a classic car driving experience. But believe me, not all vintage cars are comfortable to use. Yes, it's beautiful when you have such a car in your garage, but it's not always fun to drive such a car, although sometimes there are great vintage cars... Good luck to you.
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MichealPerry



Joined: 16 Aug 21
Posts: 11


PostPosted: Mon Aug 16, 2021 7:55 am    Post subject: Reply with quote

I hope so
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antonioo1



Joined: 28 Aug 21
Posts: 24


PostPosted: Sat Aug 28, 2021 1:43 pm    Post subject: Reply with quote

It's true. Twisted Evil Twisted Evil
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