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The 10 Most Collectible Cars for 2013

Hagerty Hot List picks most likely classics in 20 years.

by on Feb.04, 2013

The reborn SRT Viper, (shown with the old Dodge version), is the most expensive model on the 2013 Hagerty Hot List.

It’s been a good year for classic car collectors – and even better for those who have put their cars up for auction.  All sorts of records fell during the annual gathering of collectors in Scottsdale, Arizona last month and observers expect to see even more tumble in the months to come.

There are some vehicles, like early-model Ferraris and rare ‘60s muscle cars, that always seem to command a high price when the gavel comes down. But there are plenty of other collectible models that also do well for owners.

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So, if you’re looking to buy a new car not just to drive it today but perhaps to have a collectible 20 years from now, how do you know what to pick? That’s where the Hagerty Hot List comes in. It’s the work of Hagerty Insurance, one of the industry leaders in providing coverage for classic cars. And the list is designed to provide a tip sheet on reasonably affordable vehicles from the 2013 model-year that are likely to be in high demand 20 years from now.


What Troubled Economy? Scottsdale Classic Auctions Rake in Over $180 Million

First-off Corvette 427 Convertible nabs $600,000; Mercedes gullwing nears $5 mil.

by on Jan.23, 2012

The winning bid and fees for this 1955 aluminum-bodied Mercedes Gullwing neared $5 million.

The economy may still be in trouble but one would have had a tough time believing it in tony Scottsdale, Arizona over the weekend, where bidders flashed their cash in a bidding frenzy that generated tens of millions of dollars in sales during the city’s annual classic auction extravaganza.

Final figures from the well-known Barrett-Jackson and five other auctions indicate they generated about $182 million in sales, with a rare aluminum-bodied Mercedes-Benz gullwing coupe commanding $4.62 million after commissions were added in.  Meanwhile, charities netted a cool $600,000 for the first-off-the-line Chevrolet Corvette 427 Convertible – as much as eight times what it would go for in a dealership later this year.

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The final sales total was up from $157 million in 2011, and was well beyond initial expectations, McKeel Hagerty, head of the classic car insurance firm, Hagerty Insurance, telling that, “Across the board, everybody had solid sales.”  Hagerty added that a number of collectors returned to Scottsdale after being out of the market for several years.

On the other hand, he said, there was “definitely not the irrational exuberance (of a decade ago).  It’s a smarter market.”


First 2013 Chevrolet Corvette 427 Convertible Set for Auction

Fastest drop-top Vette ever.

by on Jan.20, 2012

The 2013 Chevrolet Corvette 427 Convertible is billed as the fastest drop-top Vette ever.

Look fast or you might miss it.  Here’s a first look at the 2013 Chevrolet Corvette 427 Convertible that will make its formal debut, tonight, during a special break in the action at the annual Barrett-Jackson Auction, in Scottsdale, Arizona.

The 7.0-liter, 505-horsepower monster is being billed as the fastest drop-top that Chevy has ever offered – and a good way to celebrate both the 60th anniversary of “America’s sports car,” and the likelihood this will be the last major variant off the soon-to-be-replaced C6 version of the Corvette.


Some lucky bidder at the Barrett will have the opportunity to be the first on his (or her) block to drive home in the Corvette 427 Convertible, one sporting a special 60th Anniversary Package that boasts Arctic White paint and Pearl Silver Blue stripes, with a Diamond Blue leather-wrapped interior.  It will be auctioned off for charity over the weekend.