Saturday, March 29, 2008
BARRETT-JACKSON CAR AUCTION RELFECTS ECONOMY
While stating that individuals car sales could set world sales records, a Barrett-Jackson VP stated that the current auction is an all no-reserve event, which is a direct reflection of the marketplace, with some car collectors wanting to liquidate their four-wheeled assets, particularly if they have taken out a 2nd mortgage and their home's value has dropped. Late '50's and '60's big cars have rapidly appreciated. For sale is a restored 1911 Model T Roadster (pictured here), one of the 520 cars up for bid. A 2006 baby-blue Lamborghini with 17,000 miles on the odometer is up for auction at $180,000. When new it cost $246,000. On Sunday, after several days of auctioning, the automobilia auction will start at 10:30 am and a car auction from 10 am to 9 pm. Click here for more information.
Posted by Marilyn Farber Jacobs at Saturday, March 29, 2008