What did we learn from the staggering year-over-year decline from Monterey? Well, we here at SCCCS believe the market is changing but not declining overall. As this article indicates, 70s-early 90s oddities are hot and Gen X is the one leading the charge on purchases. We can also see that the upper-middle class demographic has more confidence in the car market than the ultra-wealthy.
The dust is only beginning to settle from the Monterey auctions, and as the final post-block sales roll in, to say the numbers are down would be an understatement. However, calling it a complete slaughter would be unfair. Here are five sales we think are raising the bar.
One of the best things about consigning cars is to see how happy it makes our consignors and buyers. This was especially the case this week when this wonderful family took home a 1949 Pontiac Chieftain. Our consignors were able to hand off the keys, knowing that their well-cared-for classic was headed to a great home. You too can make selling/ buying a classic car a pleasant experience by contacting us today! 949 305 4818 ... See MoreSee Less
Long presumed to be the star of the auction week, Ferdinand Porsche's Type 64 was expected to bring north of $20 million if it ended up finding a buyer. But what happened during the bidding was unexpected, and it effectively stalled the sale and forced the auction house to pass the lot.
Ok, San Clemente OC Cars and Coffee this morning was not the lawn at Pebble Beach or the beauty of Monterey but it was a lot cheaper! And I would argue that the collection of cars was just as amazing and none of them got trailered in :). We saw a number of our customers and even members of the So Cal Classic team there this morning on this picture perfect So Cal day! Were you there or were you in Monterey with your big hat and fancy clothes? Enjoy the pics from this morning :). ... See MoreSee Less