48 Hours: Soggy Bidding

Hemmings Auto Blog

Wet weather seems to be keeping a lid on the euphoria at the various automobile auctions in Arizona this week…

Big numbers are being thrown around, but the ‘71 Hemi ‘Cuda convertible brought “only” $2.2 million, roughly flat with a similar car sold in Arizona last year and falling far short of pre-sale estimates…

Big-money collector cars were hammered down Friday at the RM Auction at the Arizona Biltmore Resort & Spa, with five rare vehicles soaring into seven figures.

A 1937 Duesenberg Model SJ Cabriolet reached $2.55 million, before auction fees; a unique 1971 Plymouth Hemi ‘Cuda convertible hit $2.2 million; and a rare 1967 Chevrolet Corvette L88 roadster was bid up to $1.55 million. azcentral

The recent appreciation of muscle cars has outstripped even the gaudiest of hedge fund returns. Is the market going to level off...or suffer a nasty correction over the next few years?

The fat lady might be warming up, but she ain’t singing yet.

Lets see what Carrol Shelby’s 1966 Cobra 427 “Super Snake” will garner

SPEEDtv has excellent coverage of the Barrett-Jackson action today

and tomorrow

Miss our auction preview?

Part One

Part Two

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