Classic cars recession proof

paulfrasercollectibles

2015-06-26 11:35:59

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Classic cars recession proof

Summer event shifts cars without difficulty

Hot August Nights in Reno is supposed to be fun above all else. You can find High School Musical and ABBA tributes, not to mention the Hula-hoop and Twinkee-eating record attempts. For some though, these are just distractions from the cars.

"For a lot of people, their version of Hot August Nights is spending it entirely in this building for this auction." auctioneer Mitch Silver told the Reno Gazette-Journal

That's not surprising, really. 700 automobiles went up for auction this year, some going for hundreds of thousands of dollars, and with those numbers come the serious collectors - really serious.

"We have some people who buy 12", Silver added.

Cars are dispatched from Reno's auction house to collectors all around America, and indeed Europe and Australia.

"We will sell from 10:30 in the morning to 10:30 at night. No breaks. No stops. A new car every 2 minutes and 45 seconds."

But what about the recession?

"I don't think it has touched the cars," Don Brooks of B&T Custom Rod and Restoration told the paper, "Last year was good, and the year before was good, too."

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