My Car Quest

September 2, 2015

Is Investing In Collector Cars For Profit A Good Idea?

Rusty Porsche 911

by Mike -  Investing in collector cars for profit is a good idea if there really is a profit. A friend once told me a saying in the hot rod world; "why buy a hot rod for $50,000 when you can build one for $150,000?" There is a corollary in the … [Read more...]

How To Value A Collector Car

Custom

by Mike - Determining the price to pay, or the price to sell, a classic car can be a challenge especially when there were few examples made. Few cars made mean that few come to market so in a dynamic market environment setting a valuation can be … [Read more...]

Comparing Some Monterey Auction Results To The Hagerty Price Guide

Jaguar XJ220

by Mike - I find it interesting to compare actual sales results with my favorite classic car price guide - the Hagerty Price Guide. I randomly selected cars from the recent auctions in Monterey by Gooding and RM. I then looked up the same … [Read more...]

1962 Ferrari 250 GT SWB Berlinetta Speciale – Sold!

Ferrari 250 GT SWB Berlinetta Speciale

by Mike - This one-off Ferrari 250 GT Bertone (Giugiaro) design was sold at the Gooding auction in Pebble Beach last week for $16.5 million US. This special Ferrari sold in the middle of the pre-auction estimate with a hammer price of $15 … [Read more...]

Steve McQueen’s Porsche Turbo Brings Big Money

Steve McQueen's Porsche 930 Turbo Carrera

by Mike - The McQueen Factor was high at the Mecum auction last week in Monterey. Mecum sold this 1976 Porsche 930 Turbo Carrera for a whopping $1,950,000 US. Without the ownership of Steve McQueen this Porsche Turbo would be valued at around … [Read more...]

A Porsche 911 Turbo Carrera U.S. Prototype Is Up For Auction At RM

Porsche 911 Turbo Carrera

by Mike - The Porsche 911 Turbo has become a very popular collector car in the past few years and as a result they have appreciated significantly. RM Sotheby's has one of the original prototypes made for the US market up for auction in Monterey … [Read more...]

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