Sunday, September 9, 2018

What the $371 Million Monterey Auctions Mean for Car Collectors

Last month in Monterey, Calif., a 1962 Ferrari 250 GTO sold for $48.4 million. It was the highest auction price ever recorded for a single car. It’s a sale completely unrelatable for the vast majority of car lovers. But that doesn’t mean there aren’t practical lessons from the year’s biggest, most important sales. Anyone who wants to buy a classic or collectible car in the next 12 months should pay heed. Here are eight takeaways. General auction prices for good cars are fair, and sales are strong.By many accounts, this year’s Monterey auctions, MORE:



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