1964 Ferrari 250 LM by Carrozzeria Scaglietti7

Record Prices Expected at This Week’s 2013 RM Auctions and Sotheby’s NY Gala

Record Prices Expected at This Week’s 2013 RM Auctions/Sotheby’s NY Gala The art world is in a frenzy. From Gurlitt to Rothko to Warhol, checks are being cut in denominations so large they might need an official escort. This certainly extends to cars. Beautiful dry weather brought out the big spenders all spring an summer. Even versus a three-pack of masters, the $50-million-plus recent Ferrari total is unbelievably huge. It is particularly interesting that such a sale was so public, in some regards. Typically, buyers in that type of market are not browsing the night of the auction. Closed-doors deals …

Read more Record Prices Expected at This Week’s 2013 RM Auctions and Sotheby’s NY Gala

1964 Ferrari 250 LM by Carrozzeria Scaglietti7

Record Prices Expected at This Week’s 2013 RM Auctions and Sotheby’s NY Gala

Record Prices Expected at This Week’s 2013 RM Auctions/Sotheby’s NY Gala The art world is in a frenzy. From Gurlitt to Rothko to Warhol, checks are being cut in denominations so large they might need an official escort. This certainly extends to cars. Beautiful dry weather brought out the big spenders all spring an summer. Even versus a three-pack of masters, the $50-million-plus recent Ferrari total is unbelievably huge. It is particularly interesting that such a sale was so public, in some regards. Typically, buyers in that type of market are not browsing the night of the auction. Closed-doors deals …

Read more Record Prices Expected at This Week’s 2013 RM Auctions and Sotheby’s NY Gala