We have been following the classic car market for a long time. Post war, mid-century classics by Mercedes-Benz, Maserati and Ferrari continue to lead the pack for worldwide dominance in price. In America, rare 60's and 70's muscle cars are still skyrocketing. And it seems that at every auction, some kind of novelty-type, oddball car with low production numbers brings a $100,00. Maybe this is because they were junk and nobody bought them, who knows. The collector car market is crazy right now.
All of this taken into account, it was refreshing to see three, pre-war Indiana cars top the 80 or so lots that Bonhams sold at Amelia Island last week. These results and images are courtesy of Bonhams and I encourage you to click the link on each one and read each cars full story.
All of this taken into account, it was refreshing to see three, pre-war Indiana cars top the 80 or so lots that Bonhams sold at Amelia Island last week. These results and images are courtesy of Bonhams and I encourage you to click the link on each one and read each cars full story.
Top seller. 1930 Cord L-29 town car. Built in Auburn, Indiana sold for $1,760,000
Story of this car here
Second highest and my favorite. 1908 American Underslung 50hp Roadster made in Indianapolis by Harry Stutz sold for $1,738,000. Story of this car here
Third highest. 1932 DV-32 Super Bearcat. Built in Indianapolis by Stutz Motorcar Co. brought $1,012,000. Please read about this important American sports car here
That is three, Indiana-made automobiles, that aren't Dusenbergs, that brought over a million dollars at an important classic car auction this past week. Two things to take from this. The best automobile manufacturing State in America was Indiana AND, the classic car market, just like fine art and the stock market are at all time highs. Watch for bubbles.
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