Mike grew up thinking he would become a mathematician, accidentally started motorcycle racing, got a job writing road tests for a motorcycle magazine while at university, and became a writer. As a travelling photojournalist during his early career, his work was published in a dozen languages across 20+ countries. He went on to edit or manage over 50 print publications, with target audiences ranging from pensioners to plumbers, many different sports, many car and motorcycle magazines, with many more in the fields of communication - narrow subject magazines on topics such as advertising, marketing, visual communications, design, presentation and direct marketing. Then came the internet and Mike managed internet projects for Australia's largest multimedia company, Telstra.com.au (Australia's largest Telco), Seek.com.au (Australia's largest employment site), top100.com.au, hitwise.com, and a dozen other internet start-ups before founding Gizmag in 2002. Now he writes and thinks.
A New Zealand motorcycle auction this weekend is worthy of the attention of motorcycle collectors worldwide. The sale of a number of important motorcycles and the current NZD-USD exchange rate means there are bargains to be had. Included in the sale are: six rare Bultaco road racing machines including the bike used by Ginger Malloy to finish second in the 1970 World 500cc Championships (estimated US$47,500 to $54,000); a 1950 Vincent Black Shadow ($57,000 to $70,000); a 1974 Ducati 750 Sport ($45,000 to $55,000); a 1975 MV Agusta 750S ($57,000 to $63,000), a 1959 Manx Norton 500 ($38,000 to $50,000); a 1971 Norton Commando 750 Production Racer ($22,000 to $28,000); a 1979 Ducati 900SS NCR F1 ($54,000 to $70,000); a 1974 Benelli 750 Six ($11,500 to $16,000), a 1978 Harley-Davidson XLCR 1000 ($11,000 to $17,000) and a 1969 Honda CB750 with sandcast cases ($17,000 to $22,000).
It's not all that long ago, that a car selling at auction for more than the magical million dollar mark would bring a round of applause, recognizing the significance of the sale. The continuing rise in values of top tier collectible cars has now seen more than 1300 cars fetch more than a million dollars, with hundreds more sold each year and 2015 set for a new record. Less than a month after Monterey Car Week saw more than 80 "Million Dollar Cars" sell, a further 14 cars topped the magic million dollar mark across six auctions in eight days. Despite some forebodings that the collectible car market had finally "topped out", it appears that predictions of its demise were somewhat premature.
The Monterey Car Week auctions have come and gone, and the analysts are still trying to sort through the numbers to figure out what they mean. There were more auctions and more cars presented this year than ever before, and the two biggest collectible car auction houses (RM Sotheby's and Gooding & Co.) grew sales considerably year-on-year, but the overall gross take for the combined auctions comes in within a few dollars of last year's record numbers. Like all those who ply the trade as buyers or sellers, the market appears stronger at the top end and slightly softer in the middle.
Monterey Car Week's auctions began on a positive note tonight when the Pinnacle Portfolio became the most valuable single owner car collection ever sold at auction. Sales from the 25-car auction totaled more than US$67 million, exceeding the previous record by nearly 25 percent. The top sellers were a 1964 Ferrari 250 LM, which sold for $17,600,000, and a 1998 McLaren F1 "LM-Specification", which sold for $13,750,000. Nearly half the cars in the collection set new world records for the models.
Monterey Car Week is where the big money comes out to play in the collectible car market. There are more million dollar cars sold here than anywhere else, and this year the record books look certain to hit yet another high water mark with 135 cars with estimates running into seven figures set to cross the block during this week's auctions.
This week is Monterey Car Week, an event which has evolved over the last
65 years to become the single most important celebration of automotive
heritage in the world. The Pebble Beach Concours d'Elegance has become the
world's most important such event, and the round of collectible car
auctions (seven almost concurrent auctions this year) now sells almost
half the world's most valuable cars. Includes internet viewing guide and times.
Only 18 cars have ever sold at auction for more than US$10 million. It's illustrative that 11 of those cars have sold during the mid–August Monterey Car Week auctions surrounding the Pebble Beach Concours
d’Elegance. This year that number might rise dramatically as there are 10 cars
going to auction over a three day period that are estimated to surpass the $10
This genuine supercharged 5.4 liter car originated in Mercedes-Benz' legendary Singelfinden works eighty years ago and it's one of the finest examples of one of the world's most valuable models, yet it will struggle to get much more than 10 percent of its potential value when it goes to auction later this week. Why? Read on ...
The Harrington Group's half-scale cars have been around for 13 years, with the entire fleet of classic look-alikes being completely reengineered two years ago and a new level of sophistication added to the designs. The latest release of a two-thirds scale 1960s Lotus 25 F1 lookalike could prove to be much more than just an exquisite toy for the wealthy though. It's a low cost race car which could form the basis for a whole new sport with more relevance than karts.
Pebble Beach might sell more million dollar cars, Villa d'Este might be more exclusive, but the Goodwood Festival of Speed is without a shadow of doubt, the largest celebration of motoring's heritage on Planet Earth. It is the only event which brings the world's greatest cars and drivers, past and present, and puts them in one place for an entire four day festival. The final ingredient in the FoS recipe which ensures it will be difficult to replicate, is that the cars and drivers, regardless of age, all get to put the pedal to the metal amidst it all.