In my recent searches I came across an interesting magazine blog featuring this piece
Barrett-Jackson shatters records at 2008 Scottsdale event.
This blog story features the 37th annual Barrett-Jackson Collector Car Auction, which took place in Scottsdale, Arizona. The show grossed preliminary numbers of $88 million in sales and record breaking attendance of 280,000 and over 100 million Web site hits. Known as "The World's Greatest Collector Car Events™," the Scottsdale auction featured 1,163 collector vehicles, over 100 fewer cars than the company sold in 2007. SPEED broadcasted 39 hours of live auction coverage during the event!
After reading the article it seems that the balloon that is classic car values is only swelling:
"Despite premature predictions, Barrett-Jackson showed that the collector car market remains strong and viable for collectors across the board," said Craig Jackson, Chairman/CEO of the Barrett-Jackson Auction Company.
So whether you're looking to invest in a classic or sell your gem, the venture is definitely worth it.
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