Insider Insight: A classic from the 1990s will sell for more than $500,000 this year
If 2020 taught us anything, it’s that predictions can go very awry. Nothing went according to plan last year, and the first month of 2021 offered few signs that life will be getting back to normal any time soon. That includes the January collector car auctions, which were successful but resembled nothing we’ve experienced in the past.
Nevertheless, the team at Hagerty Insider has ventured a few predictions for the collector car market in 2021. Including this: A 1990s high-performance road car not called McLaren F1 will sell for more than $500,000 in 2021. Think something front-engined from Nissan, Toyota, Lancia, Mercedes-Benz, or BMW.
This wouldn’t be a huge jump. Pristine, top-condition examples of cars like the Nissan Skyline GT-R R34 and E30-gen BMW M3 have sold for more than $200,000 in the last few years, while the Mercedes-Benz 190E 2.5 16 Evo II and Acura NSX-R have sold for more than $400K. The growing bidding power of Gen X and millennial collectors suggests that a $500,000 sale is around the corner for a ’90s-era classic. The upheaval of 2020 only strengthened this segment by fueling the growth of online selling platforms where modern-era classics tend to dominate.
For more predictions, along with more data, check out the full story over at Hagerty Insider.
