You see them driving down the road, on display at museums or in the garages of collectors, but how does one go about buying a classic car? We talked with the Classic Car Chasers to discuss the market and advice to first time buyers. For those unfamiliar with CCC, they are an essential source of classic cars that are being auctioned off. They keep their loyal following in the loop with insightful information into some of the rarest cars you’ll see in addition to where you can bid on them. Be sure to visit their website and follow them on Instagram if you like what you see here.
How’d you guys get started with Classic Car Chasers?
My brother and I have been car guys since a young age. It started with modern cars but evolved to be centered on classics. I think we were both attracted to the simplicity and design of cars from the past. We were constantly sending each other cool pictures of cars coming up for sale and figured we might as well start a social media page to see if there were other young classic car fans out there. Turns out, there are.
Have you seen the market change since you started?
We started CCC around 2 and half years ago and the key thing that’s changed is the prices. Particularly at the high end. Five years ago or so, a car selling for over a million dollars at auction was a big deal. Now it feels like it happens at nearly every event. I think our page is a really interesting archive of the market over the past few years since we list prices. If you scroll down far enough, you can see how the value of some of these models has skyrocketed.
How do you decide which cars to post on your page?
We like to describe it as being curated by the market. Everything we post is for sale, either by auction or privately, so there’s a natural filter in terms of what we can post. From there, it’s mainly our tastes and the cars that we admire the most from a design, performance, or provenance perspective.
Favorite three cars that sold in 2016?
These been a ton of activity of over the last year, so it’s a tough one. If we had to pick three:
1958 Ferrari 250 GT LWB California Spider by Scaglietti
Didn’t quite hit the mark at RM Sotheby’s Monterey Sale, but was estimated to go for between $12.0 and $14.0 million, perhaps one of the prettiest cars ever made. If you have the means…
Photo Credit: Robin Adams ©2016 Courtesy of RM Sothebys
1953 Jaguar XK120C ‘C-Type’
Sold for just over $8.0mm at Bonhams Monte Carlo Sale, we love cars with character and history – this C-type has plenty of both.
Photo credit: Matt Howell, ©2016 Courtesy of Bonhams Auctions
1957 Porsche 356A 1600 Speedster ‘Barnfind’
Selling at Auction’s America Hilton Head sale in November, estimated to hammer down for between $200,000 and $250,000, there’s something about barn find’s, you can never perfectly recreate the wear over the years. This one is incredible.
Photo Credit: Teddy Pieper © 2016 Auctions America
Any advice you have to first time collectors?
It depends. I’d say above all, buy what you love and what you’ll enjoy. What makes classic cars great is the personality they have and the emotion they invoke in their owners. From an investment perspective rarity and condition should also be factored in. Lastly, make sure you have a mechanic you can trust on speed dial.