Even though the Ferrari 250 GTO, recently auctioned by Bonhams during the week of the Pebble Beach Concours d’Elegance, didn’t reach the sums speculated but instead sold for ‘only’ 38 million dollars, the growth trend in the classic car market has certainly not lost momentum. On the contrary, more and more people are interested in the investment potential of classic models of Ferrari, Mercedes-Benz, Porsche and other historic cars. At Pebble Beach alone, RM Auctions, Bonhams and Gooding sold automobiles worth some 400 million dollars in just a few days: a record result that again serves to attract new investors.
More here – Classic Driver
I would say some of the old cars in really good nick are a type of Art
Silverstone Auctions have some interesting vehicles.
Coming up is the first production Range Rover, chassis no 001. Won’t bring the 38 mill $ of the 250 GTO but certainly of interest to collector/investors .
How many new Hyundias would you get for that?