Tuesday, August 20, 2019

when Elvis married Priscilla in May 1967, this limo was a wedding present. Only has 109k miles, a 462, and needs a bunch of work to get back in shape, but sold for 150k this past weekend


this 66 Continental is noteworthy for being a rare factory-backed limo constructed by Lehmann-Peterson that was one of the best of its time.

Just a nice limo the Presley family used for several years around Memphis before it was later purchased by noted Chicago car collector Tom Petrozzini.

Petrozzini used it for family affairs and business meetings on occasion, but eventually put it in storage, where it sat gathering dust for decades until it was rediscovered after his death in 2014.

https://www.motorious.com/articles/news/365388/elvis-presley-lincoln-limo-auction
https://www.mecum.com/lots/CA0819-381143/1967-lincoln-continental-lehmann-peterson-limousine
http://www.montereycountyweekly.com/blogs/arts_culture_blog/the-cars-the-shows-and-the-dreary-economic-warning-a/article_fab3be28-c37f-11e9-8486-2b35d92b0f62.html

By the way, most of the high dollar cars weren't selling, the sellers still think it's 2017 and that prices are still rising, and they are trying to go out with record profits... but too late. Sales are down 34% at this weekends Pebble Beach Mecum sale, and those Ferrari 250s aren't pulling 22 million dollars anymore. The high bid was 20M, and that was 2M short of what Dana Mecum wanted for his '59 Ferrari 250 Monza. The average price is down, the median price is down.

So, if you're an investor who is looking to find out when to dump your investment car? You better hurry, prices are falling 

No comments:

Post a Comment