5 Classic Cars Bringing in Over $10 Million at Monterey Car Week - The Cheat Sheet

For the first time since 2009, there was no year-over-year gain at Monterey Car Week, which suggests that the skyrocketing prices for classics are beginning to run out of steam. Hagarty suggests that the price of collectible iron is merely beginning to level off, which means that the buy-in is still incredibly high, and average Joes will still have to keep dreaming when it comes to buying that perfect vintage long-hood... The average price of a car sold was $497,557, and for the first time, cars from the ’80s and ’90s began to outshine postwar beauties from the ’50s and ’60s. Ferraris still ruled the roost, but there were still a few surprises to keep things... Of those, here of the five best-selling classics from Monterey Car Week 2015. Proving yet again that Ferrari 250s are worth more than their weight in gold , RM Sotheby’s sold this 1956 Ferrari 250 GT Berlinetta Competizione with a body by... On top of its rich competition history, it’s spent the last 59 years meticulously cared for, and has a reputation for winning awards at Monterey, taking Best in Class at the 1994 International Ferrari Concours d’Elegance, and Third in Class at the... Source: www.cheatsheet.com