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Costly classics at Atlantic City

2012-02-27

Image: Atlantic City Classic Car Show & Auction 2012

The Atlantic City Classic Car Show & Auction attracted plenty of attention over the weekend, thanks to the cavalcade of rare and valuable vehicles which were present during the event.

Fifty per cent of the classic cars which took part were available to buy at auction, while the rest were up for sale privately, so it was easy for visitors to actually go home with a vehicle which they had spotted and not just spend the show browsing unattainable autos.

It is estimated that the total value of the classic cars which made their way to the Atlantic City Convention Centre was in excess of $15 million.

At the cheapest end of the scale, you could invest in a vehicle for around $5,000, although the most expensive vehicles netted their owners about 100 times more than this amount, due to their pedigree and popularity.

At the top end of the price scale was a 1970 Plymouth Ray Nichels EPA Superbird (pictured), while a similarly desirable 1970 Corvette ZR-1 was also able to make hundreds of thousands of dollars at auction.

Organiser, Jay Silberman, explained that the classic car market had gone through a rough patch over the last three years but that confidence was improving in 2012.