Raleigh Classic Auction Just In Time
The bidding stayed strong all day here at the Raleigh Classic Auction in Youngsville, North Carolina. The atmosphere was electric with the staccato of the auctioneer’s banter. It was just good to be back at a classic car event this summer, just in time to get collector car buyers back in the saddle again. This is one of those auctions they love, with some great low mile cars that have not been on the market before.
The Saturday sale had its surprises. The top sale was a 2015 Ferrari 458 Italia with only 3,468 miles which sold for $206,000. Three stellar Packard motorcars from 1939 were the star cars of the show. One, a 1939 Packard 1707 Coupe Roadster, sold for $161,000. And, in what may be the biggest surprise of the day, a 1967 Lincoln Continental Convertible sold for $118,000. Today’s sale reinforced the idea that good cars still get good money in the collector car market.
Here are some of the cars we saw today.
Hoping to save some of this summer for car collectors, the Raleigh Classic Auction went off without a glitch. Cars-On-Line was on hand to bring you all the top sales and cover the prices. We knew that on Friday the Raleigh Classic promoters were very happy to announce they achieved an 85 percent sell through rate.
The top sale for Friday was a 1970 Oldsmobile 442 W-30 Convertible in Viking blue with white stripes. The winning bid was $94,000 at the hammer. (The final price will include the buyer’s sales commission.)
Here are some of the early cars we were watching on Friday.
Cars-On-Line is on hand to bring you all the auction action this weekend here in Youngsville, North Carolina. The Raleigh Classic is being held at a new location this year. Michael Leith’s new Capitol Auto Auction facility is the perfect spot for holding this type of event. The brand new ventillation system and the spacious seating layout (seats positioned six feet apart) makes for a very safe environment for a serious collector car auction. There are no spectators allowed here, only registered bidders may enter the building.
Here is a list of the auction inventory with links to review history and photos of cars we were tracking this weekend.
With so few collector car auctions happening this year, it is almost impossible for car collectors to track their investments. Now that the Raleigh Classic Auction is underway we can see what cars will be going for post-Covid. Think of it as taking the market’s temperature (to use a medical analogy.)