The classic car market, previously flourishing, is showing signs of decline, according to recent data from Hagerty. The Market Rating fell from a high of 78.22 in summer 2022 to 60.39, approaching a 'flat' market threshold. Auction sales have dropped, exemplified by the decreased price of a 1959 Ferrari 250 GT, which sold for $9.4 million compared to nearly $18 million in 2017. Additionally, over a third of cars are sold above their insured values, but this figure has weakened since its peak more than two years ago, indicating challenges ahead for collectors and sellers.
This is a lovely car with a significant racing history, impeccable provenance and no stories. It's worth top dollar, but in 2025, 'top dollar' apparently means 60% of what it meant in 2017.
Hagerty's data indicates that 38.9% of cars being sold are doing so for more than their insured value, lower than its peak two and a half years ago.
The collector car market isn't what Hagerty considers 'flat,' but it's also at the lowest level it's been in several years; specifically, it's at its lowest mark since November of 2020.
The median sale price of cars sold at auction has been declining for the last 23 months.
Collection
[
|
...
]