2011 Hot August Nights Classic Car Auction Will Open In California

The official and exclusive 2011 Hot August Nights Classic Car Auction will be produced and conducted by B & T Custom Rod & Restoration and Specialty Auto Auction and Sales. This has been announced by Hot August Nights organizers after a recent Washoe District Court judgment that resolves its conflict with Silver Collector Car Auction Inc. Mitch Silver's auction house severed its ties with the Reno-Sparks classic car and music festival after organizers postponed the event from the first to the second week of August as they planned to take the classic car auction show to Long Beach California.
Hot August Nights will open this year in the Long Beach, California in the first week of August at the Long Beach Convention Center. The classic car auction event will have more than 500 vintage 1972 and older classic cars and trucks on sale.

2011 Hot August Nights Classic Car Auction Will Open In California
© Ed Callow [ torquespeak ]

Posted by admin on March 19th, 2011 No Comments

Ahmadinejad’s Old Classic Car Sells For $2.5 million

Ahmadinejad's Old Classic Car Sells For $2.5 million
© Martin Pettitt

According to anew report from the FBI, Connecticut residents lost an estimated $3.3 million to Internet crime in 2010, with the areas of identity theft and online auction fraud being the most common complaints. The median loss for state residents affected by cyber crime was $500, but the largest Internet crime involved identity theft and cost the victim $200,000.

This information is the latest reminder that people engaged in online commerce need to be careful. Anyone who uses a computer is potentially at risk for fraud, so it's important to have the latest security software and protect personal information online. A majority of the victims in Connecticut were men aged 40 to 59, and the most frequent crime was failure to deliver or be paid for items via online auction sites.

Pink Floyd’s Drummer Invest in Classic Car Fund Purely for 15% Annual Returns

Pink Floyd drummer, Nick Mason is aiding an investment group that plans to buy $150 million worth of classic cars and make yearly returns of 15 percent. Mason is an auto enthusiast and his garage houses classic cars by Aston Martin, Bentley, Bugatti, Jaguar as well as Ferrari. The director of the fund, Nick Lancaster stated that this was the first classic car fund guided by financial returns rather than passion.
This fund will be a closed-end partnership for seven years with investors putting in a minimum commitment of $500,000. The fund wants to acquire a collection of 20-40 classic cars during a three year investment period. The Ferrari 250 GTO,

Pink Floyd’s Drummer Invest in Classic Car Fund Purely for 15% Annual Returns
© Ed Callow [ torquespeak ]

, Ford GT40, McLaren F1, Shelbey Daytona Coupe and Porsche 917 are among the classic car models that the fund aims to acquire.