Keith Adams, Editor
At the moment the hammer fell on that record-breaking (according to Artcurial, and on pretty much all measures) Ferrari 335 Spider Scagletti, I found myself wondering why we really should care about it. After all, a car that costs almost £25 million is about as relevant to 99.9% of us as an icing-covered unicorn. Well, kind of. Yes, it’s unlikely that any of us are ever going to be able to afford a car like this, but it really does have a bearing on all of us.
Why? Because if we operate on the trickle-down principle, the health of the very top of the market will be reflflected in what’s paid further down.
I do see it that way, and although we’ve had some warnings that the market is about to cool, this sale backs up my feeling that things will be good for quite a while yet.