Well, here we are in December 2014. Another year slides by with the collector car market in an upbeat attitude. Great cars in above average condition are still desired by many auto enthusiasts worldwide.
Now it is all about condition, correctness, speed, power and documentation. That’s right, documentation. Autos being offered for sale with documentation are by far the most desirable autos out there. When buying or selling you want to know “Who restored or built it, what was done, when was it done and where was it done” This is the recurrent theme for great auto values. Documented autos are bringing 30% to 50% higher values then undocumented autos. Autos with good documentation are very hard to find. Good autos are documented by who, what, when and where. Mediocre autos have a lot of unanswered questions. This can make all the difference in value.
Always document your automobile with a professional. Keep service records and restoration receipts. Keep the old original parts and paperwork. Keep build sheets, window stickers, and sales brochures. If you need to have your auto documented, give us a call to set-up an appointment. An auto appraisal becomes part of your vehicle’s history as well as documenting its current condition and value.
I anticipate more record sales in Scottsdale in January 2015. Come to our “Value Trends Seminar” in Philadelphia at the AACA Annual Meeting on February 13th to review auction sales and identify trends for the coming year.
Happy Motoring & Merry Christmas!