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Article: Classic case of collectors wanting originals
- Article from:
- Chicago Sun-Times
- Article date:
- February 7, 2009
- Author:
CopyrightCopyright (c) 2009 Chicago Sun-Times, Inc. (Hide copyright information)
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Q. Have classic car prices suffered because of the worldwide economic woes? --E.N., Chicago
A. Prices have fallen for marginal-condition collectible autos. Those in really good shape -- and "original" desirable cars that haven't been restored -- continue to command high prices, judging by amounts paid at major collectible auto auctions, which generally set price levels for such cars. For instance, a 1963 Gulf Oil Chevrolet Corvette Z06 sold last month for $1.1 million at Illinois-based Mecum Auction Co.'s Florida collector car auction. That auction's sales of 750 cars totaled $16.5 million, up from $15.2 million last year, Mecum Auction said.
Q. I've long heard you're supposed to use a ...
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