Instant Quote

Ferrari Isn’t The Only Top Selling Collector Car

Collector Car Prices Are On The Rise - Like 1962 Ferrari 250 GTO

We’ve talked a bit about the most expensive car, the 1962 Ferrari 250 GTO that sold at Bonhams for $34,650,000, but did you know that all collector car prices seem to be on the rise?

According to a recent article in Fortune, the classic car sales in 2014 have hit a record high, with $422.5 million in cars sold at Pebble Beach last week, alone. In comparison to last year’s Concours d’Elegance, sales increased a staggering 27%, which was already up 14% from 2012.

Sales are not only up at Pebble Beach. RM Auctions is also experiencing a drastic rise in sales, recently selling over $143 million worth of cars in just two days.

If you want to learn more about the Ferrari 250 GTO, check out this video that Forbes released about the car:

Do you think these rising prices will continue, or do you think they will level off soon? We love to see the market growing and expanding, and would love to speak with you about any new additions you have in your collection, as well as help you reevaluate current collector car insurance policies. Make sure your classics are well protected! Give Classic Auto a call at 888-901-1338.

Posted: 9/1/2014 9:00:00 AM with 0 comments

Blog post currently doesn't have any comments.
American Modern Trusted Choice
Since 1992 Classic Automobile Insurance has been one of the top agencies protecting collector, classic and exotics cars.  Get a quote now or contact us at 1-888-901-1338 to see how we can serve your needs.
Antique Cars
Classic Trucks
Vintage Cars
Collector Cars
Hot Rods
Rat Rods
Street Rods
Exotic Cars
Luxury Cars
Muscle Cars
Instant Quote
My Policy
Private Client Services
About Us
The Benefits of Classic Auto Insurance
Facebook Twitter Google Plus LinkedIn Pinterest Instagram YouTube RSS
© 2018 Classic Auto Insurance  | CA LIC 0H16071 |  Indianapolis Web Design and Development by BitWise Solutions