An auction at the Waldorf-Astoria for high-rollers and overgrown boys 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14

Clockwise from top left, a Cadillac ornament, a nattily dressed visitor, a 1948 Jaguar Mark IV Coupe, a 1941 Cadillac Series 62 Convertible Coupe.

THE BUYERS The auction typically attracts a large number of serious collectors who have their hearts and checkbooks set on a particular vehicle. But surprisingly enough, many of the purchasers buy these autos on impulse. They are smitten with nostalgia for a car they recall fondly from their youth. Younger buyers--those in their 40s, just starting their collections--usually gravitate to 1950s models.

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