Classic Car Values at Auctions
If you are more than the casual hobbyist, and may at some point want to participate in the buying and selling of vehicles, you need to attend an auction for true insights and education on the health and wealth of the classic car market.
Too many people make general statements regarding the health or decline of collector car values based on sales at recent auctions. For instance, we read an article stating that Muscle Mopar cars are selling for half of what they were worth a year earlier based on what a 1970 Plymouth Barracuda recently sold for at auction. Muscle Mopar car values are still strong, it’s just that the high value examples don’t show up in a down market, but the lesser valued ones do like the 1970 Cuda that was referred to.
Each car will have its own value depending on the condition, documentation and desirability regardless of what an identical year, make and model sold for, and you can only determine that with a full inspection. A great way to get involved and see what cars are selling for is by participating in Classic Car Auction News’ “Guess the Price”. Plus, you’ll have the opportunity to win a prize!