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The Top 10 Future Collectible Cars

Hagerty names the best at under $100,000.

by on Jan.08, 2014

Topping this year's list of future collectibles is the Jaguar F-Type R, the new coupe has been described as the “spiritual successor” to the British maker’s legendary E-Type.

Walk into a showroom, plunk down your money and within a few years that new car will likely be worth a fraction of what you paid. Or so it goes with most vehicles, but there are a handful of models that will defy the aging process only to become collectibles that buyers not only covet but that they’ll be willing to pay a premium for.

How do you sort out the mundane from the someday rare and unique? It helps if you know someone like McKeel Hagerty, the president and CEO of the eponymous Hagerty Insurance and a recognized expert in the car collector world. For those who don’t know McKeel on a first-name basis, no problem. He’s offering up his annual Hot List, a guide to the vehicles – notably priced at under $100,000 – that are most likely to be tomorrow’s collectibles.

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“Most new car news focuses on the latest interactive technology, alternative power sources, and the race to increased efficiency,” Hagerty explains. “But for a car to be collectible in the future, it has to be cool right off the assembly line. A collectible car has to grab you and not let you go.” (more…)

Picking Tomorrow’s Top Collector Cars

Hagerty identifies “emerging collectibles.”

by on Jan.20, 2012

The new collector car? An original Honda S800.

Okay, just maybe a Saab 9-4X might turn out to be something rare a decade from now considering how few rolled off the assembly line before the Swedish automaker went belly-up. But we’re having a hard time believing that something from the final year of the Pontiac Aztek will ever count as having a “collector car” in your garage.

The reality is that there are an awful lot of different products on the market, and plenty more used vehicles you can choose from.  So, if you were really interested in starting a hobby as a collector – and didn’t have a seven-figure nest egg to tap – where would you begin.

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Luckily, we’ve got some friends in the right places, notably including McKeel Hagerty, the CEO of Hagerty Insurance, to lend some help.  Don’t bother to question his bona fides.  His firm is one of the largest in the business serving automotive collectors and that means he’s got the data to show what’s trending up.

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Designed to Please

Focus is on styling at annual Eyes on Design extravaganza.

by on Jun.21, 2011

Bob Lutz with his father's Aston Martin DB2 Vantage.

There was something familiar about the car stuck in the back of a Swiss restoration shop, something Bob Lutz confirmed when he found the ancient owner’s manual and saw the neat notations made by his father nearly a half century earlier.

It took Lutz, the now-retired General Motors car czar just moments to decide to buy the old 1952 Aston Martin DB2 Vantage and ship it home to begin a long and laborious restoration process.  But it eventually paid off, the one-time Marine pilot winning a Best-in-Class trophy, this past weekend, at the annual Eyes on Design show.

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“The car was a mess,” recalls Lutz, having gone through several inappropriate modifications, “but it was my dad’s so I bought it.”  Ironically, the long-time industry icon admits, he could have gotten it from his father in 1959, “But I was in the Marines, then, and had no place to keep it.”

There were plenty of treasures found and restored on display at the Eyes on Design event, held each year at the Eleanor and Edsel Ford mansion, in Grosse Pointe, Michigan.

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Basking in the Glory: the Amelia Island Concours

No “trailer queens” here, please.

by on Mar.17, 2011

A rare barn find, a 1950 Allard J2 Le Mans.

A chill breeze whips through the pre-dawn darkness, an out-of-tune generator noisily providing the power for the sole spotlight marking the start of the “Dawn Patrol.”  Passing cups of coffee and sharing old war stories, folks like Hans Wurl and Jeff Orwig wait for the signal that will begin the day’s events.

“Go, go, go,” shouts the woman in the day-glo vest, waving her yellow flag as if chasing away a swarm of hornets.  Within seconds, a score of ancient engines have fired up, a 1937 Duesenberg Town Car Cabriolet leading the procession down onto the field.

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By the time the sun has risen high enough to boil the dew off the beach grass, most of the old machines have taken their places, the majority getting there under their own power – “trailer queens” not being favored here.  But a few must be towed to their spots on the manicured golf course greens, like Don Prudhomme’s impossibly long old rail dragster.

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Pebble Beach Concours Pits Millionaires Against The Billionaires

Classic car show a Woodstock for the upper class.

by on Aug.16, 2010

This 1933 Delage D8S De Villars Roadster from the Patterson Collection took Best-of-Show honors at the 2010 Pebble Beach Concours d'Elegance.

Bill Tanner was at a rare loss for words.  He was running down a list of his car collection and got through the Bentleys, the Ferraris and the new Mercedes-Benz SLS.  But he couldn’t quite remember what the rest of them were.  So goes life when you’ve got some of the most exclusive automobiles in the world vying for space in your 14-car garage.

The Los Angeles investor was just one of the many affluent car collectors gathered in Pebble Beach, the tony Central California community, over the weekend, for the annual Pebble Beach Concours d’Elegance, an event generally conceded to be the most elegant and exclusive classic car show in the world.

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A Classic!

Celebrating its 60th anniversary, the Concours was crowded with more than 180 rare collector cars, hot rods, motorcycles and even some historic camper trailers, all competing for the Best-in-Show award that can turn the rare automobile into one of the world’s most sought-after and expensive vehicles.
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First Classic Car Auctions of ’10 Deliver Mixed Results

No fire sales, but no records, either.

by on Jan.25, 2010

The annual Barrett-Jackson Auction has spurned a classic car industry, each January, in Scotsdale.

Even the windstorm that flattened two tents, damaging 100s of classic cars waiting to go on the auction block couldn’t dampen the enthusiasm at what has become the biggest week of the year for collectors who gathered in the tony Phoenix suburb of Scotsdale, over the past week.

The weekend has been a must-attend for more than a decade, starting out with the granddaddy of Scotsdale events, the annual Barrett-Jackson Auction and now including five other events that aim to serve every possible niche of the classic car market, from muscle cars to rare and exotic imports.

Preliminary figures from the four largest events show sales of about $135 million in classic metal.  That’s almost identical to last year’s numbers for the Barrett-Jackson, Russo & Steele, Gooding and RM Auctions.  And the figures actually would’ve been higher, says David Kinney, Publisher of Hagerty’s Cars That Matter, were it not for the windstorm that brought down the two Russo & Steele tents.

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Classic News!

On the other hand, Kinney cautions, the auctions gaveled off more cars, this year than during the devastating January 2009, when the economy was in freefall, so buyers paid less, on average.  At the 800-pound gorilla of the auction scene, the annual Barrett-Jackson, the typical car was auctioned off for $54,814, a bit less than a 4% decline.  But at Gooding, which specializes in exotic autos, the average price slipped from $386,226, last year, to just $297,368.

“Doldrums may be a good way to describe it,” suggests McKeel Hagerty, a long-time auction observer and owner of Hagerty Insurance.  “The quality wasn’t the wall-to-wall perfect cars we would have seen in prior years.  Some of the best cars just aren’t coming to market right now.  People are waiting for the market to improve before selling.”

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