Monterey Auctions - Classic Cars hold values through unsure market | Hagerty Article


With the exception of the final dollar figure (which most of us guessed woefully low on), there were few questions remaining to be answered at Monterey 2012. That’s in marked contrast to each year since 2008. In 2009, the big question was, would anyone bid on anything or at the very least, would the very top of the market hold up? The answer was a resounding yes. In 2010, the middle of the market showed real strength. And by 2011, when the total came close to $200 million, it was clear that the prosperity in the market had trickled down to the entry level (such as it is in Monterey).

This is a companion discussion topic for the original entry at https://www.hagerty.com/articles-videos/articles/2012/08/28/monterey-2012-closeup