The July luncheon with Mecum Auctions at The Proud Bird attracted a full house and was chock full of information about the growing collector car market. John Kraman, Consignment Director and TV Commentator/Analyst for Mecum Auctions spoke, along with Mike Regalia, Regalia Concours Restorations. Also present and leading the discussion was Chris Woodyard, MPG Secretary and Bureau Chief and Reporter, USA TODAY.
The special guest star car of the afternoon was Steve McQueen’s Last Special-Order Porsche, which will be up for sale at the Mecum Daytime Auction in Monterey this Aug. 13-15 at the Hyatt Regency Monterey Hotel and Spa –Del Monte Golf Course. Mike Regalia, current owner of the car, will be donating a portion of the proceeds from the sale to McQueen’s alma mater, the reform school Boys Republic. (View press release)
Regalia and Kraman both offered candid remarks when it came to purchases; “Buy from the heart, buy what you’ve always wanted …” Kraman advised, “Don’t get into the collector car market for the investment.”