$101m Amelia Island Sale Shows Depth & Strength of Classic Car Market

Marketwatch gathers the results and the pictures from the clutch of classic car auctions held in Amelia Island recently. The $101m total, mostly coming from RM Sotheby’s, is a record. More important to Marketwatch is the depth of the market:

The 2015 Amelia Island Concours d’Elegance is over, but before any of the cars took to the show field last weekend, bidders revved up for a trio of collector car auctions. The results were impressive, with total sales sitting at a record-smashing $101 million. Chalk a chunk of that up to newcomer Bonhams — but the fact that Amelia Island can support an additional auction should tell you everything you need to know about the state of things. We’ve had a chance to glance at the results, and if there is an imminent collapse of the collector-car market on the horizon, we’re not seeing it in the tea leaves here. There seems to be interest in a wider range of cars than ever before, with enough buyers out there to sustain values across the board. Prewar cars aren’t shooting up in price like postwar sports cars, but they’re not exactly having trouble keeping up with inflation.

Classic car auctions top $101 million in sales (MarketWatch)