Multi-million $ classics sold in Arizona
Image: exfordy 2008
Classic cars worth millions of dollars apiece are going under the hammer throughout January and insurance firm, Hagerty Insurance, has identified ten vehicles which cover the scope of vintage prices in order to help new buyers work out what they should look to pay and how to get the best price.
The biggest sellers so far have included a 1955 Mercedes-Benz 300SL, which was sold in Arizona for $4.6 million and a 1948 Tucker Torpedo, which shifted a very respectable £2.9 million, with both prices including the auctioneer's commission.
Hagerty Insurance appreciates that most people cannot dream of paying out so much cash for a rare car, but this does not stop many more common vehicles being considered as classic.
It identifies the Ford F-1 pickup family as being particularly popular at the budget-conscious end of the market, with some classic examples for sale for around $15,000 or less.
The Ford Thunderbird from the 1950s is a little more pricey, but it can still sell for under the asking price if you find the right auction room. Hagerty has pinpointed the Thunderbird as being one of the classics that is experiencing something of a dip in popularity and is thus more affordable than in the past.