Prices for collector cars are plummeting

The number of owners expressing the belief that the values of their vehicles are rising continues to fall. The number is at its lowest since November 2013 for owners of mainstream vehicles and at its lowest since May 2012 for owners of high-end vehicles.
Expert sentiment dropped for the first time since November. Market observers have cited that many cars with prior auction results have been changing hands for less money than in the past.
According to Hagerty predictions, the final cull will be $135 million to $140 million among all five auction companies that will sell there this year (RM Sotheby’s, Gooding & Co., Bonhams, Hollywood Wheels, and Motostalgia).
1957 Jaguar XKSS Roadster, expected to take $16 million with Gooding & Co. (did not sell)
1928 Bentley 4 1/2-Litre Le Mans Roadster, expected to take $6.5 million for RM Sotheby’s (did not sell)
1950 Ferrari 166 MM Barchetta Spider, expected to take $8 million, for RM Sotheby’s (did not sell)
1961 Ferrari 250 GT SWB Berlinetta (did not sell)
1937 Bugatti Type 57S Cabriolet by Vanvooren (sold for $7,700,000)
1998 Porsche 911 GT1 Strassenversion (sold for $5,665,000)
2015 Ferrari La Ferrari (did not sell)
1995 Ferrari F50 (sold for $2,640,000)
2015 McLaren P1 (sold for $2,392,500)
1956 Maserati A6G/54 Coupe Series III by Frua (sold for $2,365,000)
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IMAGES:
1995 Ferrari F50 J.Smith831/Wikimedia Commons
1957 Jaguar XK-SS Herranderssvensson/Wikimedia Commons
Dan Kitwood/Getty Images
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Published April 19, 2017
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