Now the same trend is happening with Gen Xers and Millennials, who have had a noticeable presence at the auctions of late. “Especially over the last year we have seen a steady growth of younger bidders and, as expected, we’re seeing an increased interest in the cars of their generations.” Performance cars of the 1970s and 1980s, like the Trans Am, Fox Body Mustang and Buick Grand National, have all seen a rise in value. At the 2018 Scottsdale Auction, Barrett-Jackson sold five Grand Nationals, including a 1987 Grand National GNX VIN 003 for $126,500. ALTS CAPTIAL PAGE:
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That is not the only segment on the rise, though, as Resto-Mods – older vehicles with a classic look restored with new technology – are also a favorite among the next wave of collectors. Barrett-Jackson saw a 1958 Chevrolet Corvette Custom Convertible sell for a staggering $440,000 at Scottsdale, showing not just the strength of Resto-Mods, but the willingness of collectors to spend big money on them. “Corvettes are certainly among the most desirable of the Resto-Mod market. They continue to increase in value and we saw that in Scottsdale with 12 custom Corvettes each
