The winter may be upon us, but the classic car market was HOT in October! The month gave us a view of the “new normal” for auctions – with some events remaining 100% online, and others finding their stride in a new in-person/online hybrid format. New events, and previously postponed events, brought us some impressive stats: Over $180 million in sales*, up 55% from $116.7 million in October 2019, and an average sale that was 47% higher than a year ago.
Of course, these results got a boost from the mammoth RM Sotheby’s Elkhart Collection sale, bringing in just over $43 million in sales from what has to be one of the finest collections in the country. And just in case that wasn’t enough, they topped it off with a $14.8 million sale of a trio of truly unique Alfa Romeo concept cars.
Note: Stats quoted in this post are as of October 31, 2020 @ 5pm eastern.
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Market of the Month: Porsche 997
Where the 996 had been somewhat generic and bland in some eyes, Porsche brought back much of the beloved 911-styling when it released the 997. Get to know this popular Porsche in our Market Guide for the Porsche 997.
Want to track sales of your favorite make/model? Follow the market with a click of a button. Here are some of our favorite markets launched this month:
- BMW 3.0 CSi
- BMW E30 325is
- BMW E30 M3 Convertible
- Chevrolet Camaro IROC-Z
- Dodge Challenger T/A
- Dodge Viper GTS
- Ford Mustang Boss 429
- International Harvester Travelall
- International Harvester XT Series
- Studebaker Avanti
- Studebaker Golden Hawk
If there’s a market you’d like us to add, please let us know by replying to this email… we are adding markets every day!
Our company is growing and we are looking for 2 talented developers to join our team. If you are passionate about the collector car industry and an experienced developer who meets the requirements for one of these openings, please apply today!
* These stats include sales reported in US Dollars only. Sales reported in other currencies are not taken into account… yet.