This Blog is proudly hosted by Now Blogging

The Fast Lane

Make Way For The Biggest Classic Motor Auction

thefastlane | 14 January, 2008 05:32

 

Behold the finest classic cars.

Traveling far and wide just to witness the most remarkable classic cars on earth? Well, the solution is to know the biggest classic motor auction.

…And it’s in Scottsdale, Arizona.

At the Barrett Jackson Auction, the world's largest annual sale of classic cars, 1,000 vehicles will be going under the hammer.

Auto buffs and classic aficionados will descend on the territory to witness an auction that offers vehicles from distinct 20th century vintage to breathtaking 2009 models which are not offered to the market yet.

The 6-day auction dubbed "The Greatest Car Show on Earth" will start on Tuesday and should raise tens of millions of dollars if recent auctions are any guide. To note, the 2007 show netted 112 million dollars, according to AFP.

Among the wide array of vehicles to be auctioned are Ford Thunderbird featured in Oscar-winning 1991 film "Thelma and Louise,” a vintage 1928 Duesenberg, a customized 1935 Rolls Royce Phantom II, a 1969 Mustang GT500 convertible, a stretch Hummer featured in 2006 film "Miami Vice," a 1969 Dodge Charger known to viewers of 1980s television series "The Dukes of Hazzard" as The General Lee, and more.

Experts said that despite the woes gripping the US economy, the Barrett-Jackson sales should still do brisk business amongst bidders who are typically wealthy enthusiasts with money to burn.

"Every time the economy takes a downturn, the value of tangibles goes up," said Leslie Kendall, the curator at the Petersen Automotive Museum in Los Angeles. "Vehicles are tangibles that you can use and enjoy, theoretically, if you buy them for the right reasons, a lot of people treat them as investments, there's a lot of speculators out there that help the prices go up. You'll see a whole lot of people in their 50s and 60s. A lot of people who are as wealthy as they ever will be, right now, and they just want to reward themselves for having done well in life."

"There are lots of vehicles from our youth, and we recapture a bit of our youth, we get a bit of that old feeling back," added Kendall. "The cars are a great way to do it. The market for any quality old vehicle is going up."

 

General | Next | Previous | Trackbacks (0)

 
Accessible and Valid XHTML 1.0 Strict and CSS
Powered by LifeType - Design by BalearWeb