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Price Of Classics Tumbling? - Just British
Driving.ca is reporting that the current financial crisis is having an impact on the collector-car scene, with prices all over the map at the first Barrett-Jackson Auction held in Las Vegas, Nevada recently. Hemi Mopar madness has ended – the days of the $80,000 Austin Healey and six-figure E-Type Jaguars are over for now. A 1962 Healey 300 MKII (Lot 762), which was a ground-up restoration by Healey Lane, of Oregon, was perfect yet sold for a mere $53,900. In January, that car would have sold in Scottsdale, Ariz., for $80,000. (All prices in U.S. dollars.) An even bigger surprise was a 1962 E-Type Jaguar (Lot 813.1) I inspected at the auction — the flat- floor cars are highly sought after. This one-owner Beverly Hills convertible with a documented 7,400 original miles sold for $77,000. A few years ago, it [...]