Are We Protecting Cars to Death?

PLUS: What you really think about Cars & Bids x Hagerty

The Daily Vroom

YESTERDAY’S TOP 5 SALES

Want to dive deeper into any of these listings? Just click on the car to take you directly to the listing.

2024 Porsche 911 GT3 RS $365,000 (2,800 miles)

2026 Porsche 911 GT3 Touring $315,000 (160 miles)

2022 Acura NSX Type S $270,000 (102 miles)

2011 Porsche 911 Turbo S Coupe $226,000 (8k miles)

1994 Ferrari F355 GTS 6-Speed $171,000 (79k miles shown)

Your Feedback

Yesterday we asked you:

Does it make sense for an auction platform to feature a competitor as a newsletter sponsor?

The response was immediate. The comments came in fast and didn’t slow down. Strong opinions on both sides.

A slight majority of you landed on the same conclusion. If the check is big enough, business is business.

Others weren’t so convinced. Some of you felt turf is turf and audience trust is the real asset. Once you start renting that space to a competitor, even indirectly, you change the dynamic.

We can’t feature every comment because there were a lot of them, but here’s a mix that captures the tone of the conversation.

Cash is King. If they can get a regular consistent cash flow from Hagerty, I guess it makes sense.

Cars & Bids isn't successful enough to have turf to protect, so why not? I'm sure the PE side of it is simply happy to see add'l revenue. However, the subtle undertone to all of this is that Doug is not nearly the draw he seems to think he is, and this is a strong signal that everyone knows it. Elephant in the room moment.

Hagerty continues to buy what they perceive as established enthusiast-centered events and assets, which is disturbing, as their involvement in long-standing events have not always been a good thing (see Amelia Island)

With every month it seems new auctions sites pop up...If this a sign that Hagerty is willing to merge with Cars and Bids then more power to both parties...Hagerty has been in the insurance game for decades so propping up their auction site and/or merging it with Cars and Bids makes sense...Strength in numbers...Guess bigger is better ..We will see what happens in the coming months......

Sam, Funny how coincidentally you dropped this just as my "Hagerty Expose" video dropped Saturday morning. I would not be surprised at all if this is their first step in Hagerty acquiring C&B. If you haven't been paying attention, Hagerty has been steadily increasing collection and dealer/consigner listings - most recently, Gateway Classic Cars of all things! The irony is that they had a lock on 80s and 90s enthusiasts when they bought RADWood, but immediately let that site die as they ramped up Broad Arrow. That pissed off A LOT of younger RADwood enthusiasts. My two cents - Rudy Samsel, Co-Founder, GuysWithRides

Yes, It makes strategic sense. Hagerty’s customer is transacting on C&B. Sponsorship gives them visibility at the point of purchase with a younger audience— and when a private equity owner is involved, those relationships can evolve

You’re overthinking it. The more opportunities to get car enthusiasts to buy your product (in this case insurance) the better. It’s not about “us v them” in online auctions, it’s about “we’ll be happy to insure any car that’s sold on your platform.

I don't see them as competitors when buying a car. The definitely compete with each other and everyone else (including dealers) when trying to acquire inventory.

Money changes everything. If the dollars are big enough then its hard to say no.

Low Mileage Cars To Keep An Eye On

680 miles is low, but from 1990 it is almost hard to process because this car has essentially lived three and a half decades without ever really being used the way it was engineered to be used. Most ZR-1s were driven, some were modified, plenty were enjoyed the way a quad cam Corvette should be, and this one somehow skipped that entire chapter.

That is what makes it compelling. The 1990 ZR-1 was Chevrolet taking a very deliberate swing at credibility. Lotus helped develop the LT5, Mercury Marine assembled it, and the result was a 5.7 liter all aluminum V8 with dual overhead cams and 32 valves paired to a proper six speed manual. In its day this was not just the fast Corvette, it was the serious one, the one that proved America could build something precise when it wanted to.

What you are looking at here is that statement preserved almost exactly as delivered. Bright Red over Smoke Gray leather, the squared ZR-1 specific taillights, the widened rear track, both removable roof panels, the original documentation, and real NCRS awards including the McLelland Mark of Excellence. This is not simply a low mile example that someone forgot about, it is a car that has been inspected, judged, and validated within the Corvette world.

Personally, I always have mixed feelings about cars like this because part of me believes the LT5 deserves to be exercised and heard at full song, especially knowing how much engineering pride went into it. At the same time, the only reason a launch year ZR-1 can still exist in this kind of condition is because someone made the conscious decision not to drive it, not to modify it, and not to let time chip away at the details.

This is not a buy for someone who wants a backroad toy. It is for the buyer who values preservation, originality, and the idea of owning one of the cleanest time capsule examples of Chevrolet’s most ambitious C4. In a world where most performance cars accumulate miles and stories, this one has stayed almost exactly where it started.

680 miles is undeniably low, but for a 1990 ZR-1 it feels almost unreal, and that is exactly why it stands out big time!

I’ll be honest, 132 miles on a V12 Ferrari just feels wrong to me.

Not wrong in a judgmental way, just wrong in a what are we doing here kind of way. This thing cost nearly half a million when new with the options, Atelier spec, Rosso Maranello, carbon everywhere, all the drama you could want. It has a 6.3 liter naturally aspirated V12 that makes 731 horsepower and sounds like the end of the world when it climbs the rev range.

And it has basically idled through its life. I get the logic. These were never going to be cheap cars. People saw where the market was heading. Keep it clean, keep it low miles, protect the asset. The comments are full of people debating whether it should be driven or preserved. Some owners are saying they have put tens of thousands of miles on theirs with no issues. Others are practically begging the next owner not to “ruin” it with use.

Every car I have owned, I have driven. Properly driven. Some of them I probably should have parked if I was thinking purely about money. I have taken hits, real hits. Cars that would be worth more today if I had just left them in storage under a cover. But when I think back on them, I do not think about what they might be worth. I think about the roads, the trips, the moments when the engine was on song and everything just clicked.

A V12 Ferrari is not an index fund. It is not supposed to feel rational. It is supposed to feel alive. If someone buys this F12 and keeps it at 200 miles forever, the market will probably applaud them. If someone buys it and adds 5,000 miles in two years, I will probably applaud them louder.

Now here’s another one that makes me shake my head, and again I mean that with respect and I know many of you will disagree with me.

98 miles on a manual 911 S/T. A car Porsche built specifically to celebrate driving. Lightweight panels, naturally aspirated 4.0 liter, six speed manual, limited production, all the heritage touches. This is not a luxury cruiser. It is not meant to sit behind velvet ropes.

And yet here we are, barely broken in. The resale strength on these has been wild. People talk about them like they are financial instruments. You see comments about getting paid per mile, about supply drying up after leases end, about whether it is worth double a GT3 Touring. All valid conversations.

But when I read those threads, I keep thinking about something simple. This is a car that only really makes sense when you are using it. The whole point of the S/T is feel, the clutch weight. The way the engine pulls to 9,000 rpm etc.. If it never gets driven properly, what are we actually celebrating.

I am not pretending to be morally superior here. If I had bought one at MSRP (which would be a fine result!!) and watched it jump six figures in value, I would absolutely feel the pressure to protect it. Anyone would. It changes how you look at the odometer. Every mile starts to feel expensive.

But I also know myself. I would drive it. Maybe not rack up 20,000 miles in a year, but I would not let it sit at double digits either. Because in ten years I will not remember what the high bid was. I will remember the first proper drive when the engine was warm and the road opened up.

At some point you have to decide whether you want to own the car, or just own the idea of the car.

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