What to Read Next

Why $301 million worth of cars sold in a single weekend at Pebble Beach

20 August 2013

While the 1967 Ferrari NART Spyder captured the spotlight at last weekend's classic car auctions around Pebble Beach, it was only the tip of a $301 million bazaar of selling over the weekend — a 13.5 percent increase from last year's five auto auctions, according to Hagerty's Insurance. Many high-end collector cars zoomed past their estimates and a few set new brand records of their own, such as the McLaren F1 at Gooding & Co. which sold for $8.47 million, and the 1937 Bugatti Type 57SC Atalante at $8.75 million.

With the world's wealthy looking for investment opportunities, the large auto auction houses have turned their sales into ready-for-TV entertainment, and the environment only adds to the spectacle of high-end transactions. It wasn't just sports cars that turned heads; one of the most talked-about cars of the weekend was Gooding's offer of a 1915 Creators Model C Popcorn Wagon, the kind that used to park outside movie theatres before operators realized the money-making potential of a concession stand. As one of only three such surviving models, Gooding had set the pre-auction estimate between $200,000 and $275,000. Final price: $374,000.

Collector cars have gone through bubbles before, most recently in 2008-09, when prices for American muscle cars went ballistic before falling back, and the run-up in recent years has raised similar concerns. But as the experts who joined us for the Yahoo! Autos live show at Pebble Beach on Sunday explain, $300 million of classic cars selling in a single weekend may be the new normal.

Attn Home Owners Who Never Miss a Payment.

Home Owners who have not missed a payment in 3 years or more need to read this. If you owe less than $625,000 on your home there is a solution.

Is your insurance comp Laughing Behind Your Back?

New Studies Show that if you drive less than 55 miles a day you can save a ton on auto insurance.

How Older Men Tighten Their Skin

Men, reduce the look of wrinkles, sagging skin and fine lines with this affordable and effective skin tightening treatment without leaving your home.

Acid Reflux Disease & GERD

Learn More About Acid Reflux Disease and GERD (Gastroesophageal Reflux Disease.) Find Out How These Two Medical Conditions Differ From Heartburn.

Powerful Tactical Flashlight Flying Off Shelves!

This new tactical flashlight was just released to the public and is flying off shelves in the United States. Limited supplies left, act quick!

Reconnect With Your High School Friends

Classmates® has the largest directory of high school class lists. Remember the good times and reconnect to create new memories.

VA Mortgage Rates In 2016

VA Rates as Low as 2.75% (3.028% APR) 15 Year Fixed. Exclusive For Veteran & Military Takes 1 Min!

Kid sleep troubles email series for moms

We get it. We’ve been there. Sign up for our email track to learn how to handle kids who won’t go to sleep or won’t stay in bed.

Banks Are Worried Homeowners Will Do This.

Homeowners are surprised and furious. If you owe less than $625,000 on your home, you better read this.

Switch and save!

Switch to Progressive and you could save an average of $548.

Bad News For Insurance, Great News For Virginia

Virginia drivers, with cars and good driving records are learning that they may qualify for lower car insurance rates. Do you qualify?

Starwood Credit Card

Earn 25,000 Bonus Starpoints®! Use toward Award Nights or Flights.

Read This Before You Buy Medigap Plan F

Plan F is the most popular Medicare Supplement plan, but there's another Medigap option you should consider.

What Are The Pros & Cons Of A Reverse Mortgage?

More Americans are accessing their home equity to support their retirement years. Speak with a professional and see what you may qualify for today.