Luxury car auction has vroom to improve
A 1966 Ferrari 275 GTB/C sits on display at Pebble Beach Concours d’Elegance in Pebble Beach, California. Official estimates for the Pebble Beach auctions this week have set sales totals at $290m, down 14pc since 2016. The downshift in overall sales isn’t for lack of funds among buyers, but rather a decrease that comes because classic cars of this caliber are a finite resource.