Hundreds of millions of dollars flow through high-end auto auctions as collectors scoop up rare supercars and vintage classics alike
As car collectors seek out ever more exotic vehicles, auction houses like RM Sotheby’s have grown to fill the demand, offering more than a dozen specialized auctions annually, in locales like Pebble Beach, Amelia Island, Paris, and Monte Carlo. High-end automotive sales at auction see hundreds of millions of dollars change hands, as vehicles ranging from early Ford Model Ts to the most recent European hypercars roll across the block.
But the smart collectors, and even the speculators who follow auctions more in search of value and profit than out of a passion for cars, know that each vehicle up for bid is more than a status symbol— it’s an investment. Navigating this world can be confounding, so Maxim spoke exclusively with an RM Sotheby’s car specialist, Alexander Weaver, about recent results, current market trends, and what the future holds for collectors and speculators.
What stood out to you from RM Sotheby’s recent Paris auction?
This story is from the May/June 2018 edition of Maxim.
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This story is from the May/June 2018 edition of Maxim.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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