Amelia Island 2014 – If we were to sum up what happened in one sentence it would be: Multiple world record sales.
We are well into March 2014 and the classic car market shows no signs of slowing down at all. Everyone is talking about a potential bubble, prices keep rising and we have to ask ourselves: Is this time different? No it is not. The classic car market will eventually slow down, but as long as we have interest rates so low, buyers willing to buy at elevated prices, and perhaps most importantly good cars for sale- prices will remain strong.
There were so many records broken. BMW 507, Mercedes 300SL Roadster, Dino 206 GT, Delahaye, and Porsche 2.7RS (lightweight). The talk of the town is clearly the huge jump in prices that the BMW 507 made. Yes it is a rare car, only 252 were made, but these cars are now pushing $2m. At these prices we would prefer a Mercedes 300SL Roadster (not as rare but more Iconic) however the market has spoken. While many new records were reached, if you look deeper and read between the lines there was excellent value still to be had. Aston Martin DB4 series II car, selling for only $460′ooo? A beautiful matching numbers and original Porsche Speedster for $25o’ooo? Both cars are very rare, very collectible and still are not expensive.
