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>> DETROIT AUTO SHOW Latest News

JAN 22, 2013 - Business Insider

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The Collectible-Car Market Is Suddenly Booming

Holy Ferraris, Batman! The $4.6 million sale of TV's original Batmobile grabbed most of the headlines from the Scottsdale car auction this weekend, but the huge prices paid for Ferraris and other exotics were the real story. Two Ferraris sold for more than $8 million, and 23 cars sold for more than $1 million in Scottsdale. That helped set an all-time sales total record for Scottsdale of $223.8 million—$40 million more than the record set last year, and $60 million more than the pre-crisis peak of $163 million in 2007. McKeel Hagerty, CEO of Hagerty—the collectible-car insurer ... Read More

Tags: The Collectible-Car Market Is Suddenly Booming,  Detroit Auto Show Latest News