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☆ Classic car sales stall in Monterey auctions as new generation takes charge
▼ + stars: | 2024-08-23 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Auction sales during Monterey Car Week fell 3% from last year, as a shift from older to newer cars left a pileup of unsold classics from the 1950s and 1960s. Of the 1,143 cars up for sale, only 821 sold — marking a 72% sell-through rate, according to Hagerty. There were simply too many similar cars at too many auctions to generate strong prices and sales. "It's saturation," said Simon Kidston, the founder of Kidston and a leading advisor to wealthy car collectors. At the same time, a new generation of collectors driving the market — mainly Gen Xers and millennials — prefer cars from the 1980s, 1990s and 2000s.

Persons: Robert Frank, Bonhams —, Simon Kidston, Xers, millennials Organizations: Monterey Car, Arrow, Gooding & Company, Ferraris, Credit, Gooding, Company, Ferrari, Sotheby’s Locations: Monterey —, Monterey

☆ Graceland questions authenticity of Elvis memorabilia sold by auction house with ties to Priscilla Presley
▼ + stars: | 2024-07-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Chloe_Melas.Jpg | Chloe Melas | ) www.nbcnews.com time to read: +13 min

Its owner, Brigitte Kruse, formed a relationship with Elvis' ex-wife, Priscilla Presley, and has even acted as her power of attorney. The questions over some of Kruse’s Elvis items reflect the murky world of celebrity memorabilia. The problem, these collectors say, is that there are dishonest people with Elvis ties providing bogus items to auction houses. In her suit, Priscilla said they were introduced by a mutual connection who said Kruse wanted to discuss her business selling Elvis memorabilia. In the days before the auction, Priscilla did media interviews explaining why she was endorsing it.

Persons: Joel Weinshanker, Elvis, Elvis Presley, ” Weinshanker, Elvis ’, Brigitte Kruse, Priscilla Presley, Weinshanker, Priscilla vouching, Priscilla, Kruse, ” Kruse, “, ”, Stephen Shutts, Elvis ’ “, Roy McKay, McKay, ” McKay, Priscilla Kruse, Tom Parker, King, ” Presley, Domenick Fini, Vernon Presley, Parker, Graceland, cufflinks, Mecum, James Webb, Webb, “ Priscilla, Priscilla’s Organizations: Elvis Presley Enterprises, NBC, GWS, NBC News, Lockheed Jetstar, Reuters, NBC News Graceland, Graceland, GAB, Mecum, Elvis, YouTube Locations: Memphis, California, Windermere , Florida, New Mexico, Graceland, Hawaii, Tenn, Kissimmee , Florida

☆ A rare spaceship-shaped Domino's delivery vehicle is going up for auction—the last one sold for nearly $45,000
▼ + stars: | 2023-10-20 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

A rare experimental Domino's delivery vehicle from the 1980s will soon be on the auction block. The vehicle, which has been restored, boasts an "aerodynamic body with a purported 0.15 drag coefficient," according to the listing. The average car, for comparison, usually has a drag coefficient between 0.3 and 0.4. The Tritan once included a warming oven in the back to keep pizzas warm during delivery. The arch on the back of the vehicle acts as a sail, Mecum says, which helps it get up to 80 miles to the gallon.

Persons: It's, it's, Tom Monaghan, Monaghan, Mecum Organizations: NASA, Rotary Locations: Las Vegas

☆ This 1980s Domino's delivery car looks like a spaceship and you could buy it
▼ + stars: | 2023-10-18 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —The 1985 Domino’s Pizza delivery car looks more like it was designed to shoot down invading alien spacecraft than to bring you a hot delicious pepperoni pie. But back in the ’80s, Domino’s founder Tom Monaghan ordered 10 Tritan A2 cars and customized them with warming ovens in the back to deliver pizzas around Ann Arbor, Michigan, where Domino’s is headquartered. The Tritan A2 was designed by engineers James Amick and his son Douglas. Mecum Auctions did not provide a value estimate for the Tritan A2. Domino’s did not respond to questions about the Tritan A2.

Persons: Tom Monaghan, James Amick, Douglas, It’s, crosswinds, Douglas Amick, Chuck Sinnott, Sinnot, ”, Sinnott, “, Domino’s, Dominos Organizations: CNN Locations: Ann Arbor , Michigan, Vegas, California, Monterey

☆ The Phoenix Suns made it to the NBA finals in 2021 for the first time in 28 years. They had 5G to thank.
▼ + stars: | 2023-07-17 | by ( Sarah Sloat | ) www.businessinsider.com time to read: +5 min

The Phoenix Suns made it to the NBA finals in 2021 for the first time in 28 years. In 2021, the Phoenix Suns made it to the NBA finals for the first time in 28 years. The 5G Performance Center is outfitted with several features that capture real-time player data during practice and workouts. The Suns' facility is outfitted with cameras, sensors, AI, and moreIt's a major step up from the Phoenix Suns' previous training facility, which was in the basement of the arena. For now, no other NBA training facility is using 5G in the same way.

Persons: Chris Paul, Brian Mecum, Mecum Organizations: Phoenix Suns, NBA, Verizon, Suns

☆ They’re Here to Save Indie Media
▼ + stars: | 2023-06-08 | by ( Cara Schacter | ) www.nytimes.com time to read: +1 min

Gutes Guterman sat on an antique French farm bench in Pig Bar, a craft beer shop overlooking the scene-y slice of Lower Manhattan known as Dimes Square. Reaching for a gherkin, her hand in a lacy fingerless glove, she paused to gesture toward the former site of the Drunken Canal newspaper box. “If you know, you know,” she said. It was a cool spring day, and Ms. Guterman, 26, was here to talk about her latest editorial venture: Byline, a website that went live on Thursday. Ms. Guterman and a friend, Claire Banse, started the paper mid-lockdown.

Persons: Gutes Guterman, lacy, ”, Guterman, Claire Banse Organizations: Drunken, “ New Locations: Manhattan, Dimes, Clandestino, Seward, vade

☆ Why some cars from the 1990s are soaring in value
▼ + stars: | 2023-01-16 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +8 min

CNN —Not that long ago, cars from the 1990s were just used cars. In addition to insuring collectible cars, Hagerty also owns the auction company Broad Arrow. Values for 1990s-era collectible cars have risen by an average of 78% over the past three years, “which is huge,” Rabold said. Cars from the ’90s have at least some modern comfort and safety features, and even relatively inexpensive cars can have respectable power and performance. We’re talking about “collectible” cars.

☆ Online car market Bring a Trailer closing out year with record $1.35 billion in sales
▼ + stars: | 2022-12-23 | by ( Robert Frank | ) www.cnbc.com time to read: +1 min

Online car market Bring a Trailer said it expects to close out the year with a record $1.35 billion in sales, as a new generation of collectors logged on to buy classic and pre-owned cars. Randy Nonnenberg, Bring a Trailer's president and co-founder, told CNBC that sales for the year are up 63% from 2021, when sales hit $829 million. The question now is whether the pandemic-fueled frenzy of car collecting will hold up if there is a recession. Nonnenberg said he sees no evidence of a slowdown in the company's business. Hagerty, the classic-car insurance company, also entered the auction business, buying Broad Arrow and launching Hagerty Marketplace, an online sales platform.

☆ Take a look inside Elvis Presley's 1962 Lockheed 1329 JetStar private jet that's up for auction
▼ + stars: | 2022-12-04 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Elvis Presley's 1962 Lockheed 1329 Jetstar private jet is being auctioned in January. It has red velvet seats, a TV, cassette and VCR player, but needs repairs – and an engine. The King of Rock and Roll paid $840,000 in 1976 and the jet last sold at an auction for $430,000. The 1962 Lockheed 1329 Jetstar, which comes with red velvet seats, a TV, cassette player, and microwave, was bought for $840,000 by the King of Rock and Roll in 1976. Elvis kept several pilots on retainer that were ready to fly him to adoring fans at a moment's notice," Mecum Auctions' listing says.

☆ (foto) Un unic Shelby 427 Cobra FAM, din garajul lui Paul Walker, este pregătit pentru licitație
▼ + stars: | 2021-01-05 | by ( Onixmedia Srl | ) diez.md time to read: +1 min

(foto) Un unic Shelby 427 Cobra FAM, din garajul lui Paul Walker, este pregătit pentru licitațieUn unic Shelby 427 Cobra FAM din garajul actorului Paul Walker va fi scos la vânzare în cadrul unei licitații organizate de casa Mecum în luna martie din acest an. Roadster-ul, proiectat personal de Carroll Shelby, este dedicat victoriei Shelby asupra Ferrari în 1965. Celebrul pilot a comandat crearea a două copii ale Cobra FAM la sfârșitul anilor ’90 ai secolului trecut. Casa de licitații susține că doar un singur Shelby Cobra se poate lăuda cu o astfel de combinație exterior-interior. Costul estimat al rarității nu se anunță, însă nu este prima dată când acest Shelby Cobra unic este revândut.

Persons: Shelby, Paul Walker, Carroll Shelby, Rosso Organizations: Ferrari Locations: Le Mans

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