AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Classic-car auction reports super sales. (1993 Barrett Jackson Collector Car Auction)
The classic car market rebounded last month with the annual Barrett Jackson Collector Car Auction generating sales prices that haven't been seen since the boom years of the late 1980s.
Officials say the four-day Scottsdale event took in $14 million, with 60,000 people attending.
Half of the bidders had never attended an auction before, says Brian Jackson. "This is a new side of the market, with many people buying collector cars for the very first time."
The auctioneers also report that interest was more broad-based than in recent years, with buyers looking at everything from the big 1950s cars to American muscle cars, Ferraris and pre-World War II classics.
A 1967 Ferrari 275 GTB/4 brought one of the event's top prices: $304,500. A 1930 Packard Super 8 Roadster brought in $150,000, and a 1962 …
