Market Intelligence
10 years later: more beautiful or richer?
The author launches a Ten-Year Challenge for auctions, looking back at how much certain car models were sold for in 2011 and comparing them to their current values. A Ferrari F50 that was sold for $814,000 in 2011 is now worth over $4 million, while a Porsche Carrera GT sold for $355,100 is now one-third of its current price. The article provides examples of other car models that have greatly increased in value over the past decade.
Do you remember not so long ago when the Ten-Year Challenge was unleashed onto the world of social media? Everyone published photos of themselves from 10 years earlier alongside more recent ones, to show how much they’d changed.
To conclude 2021, I thought it would be interesting to launch a Ten-Year Challenge for auctions: how much did a certain model cost back then? We all know how the market went, but how many remember the main events (talking about auctions) from ten years ago?
More likely than not, that particular year will be remembered for a new world record – at the time – for any car sold at an auction; the title went to a Ferrari 250 Testa Rossa, sold for $16,390,000 (€14,550,500), but “rummaging” through all the auctions of that year, there were certain results that today seem like they were from another planet. Today, it’s hard to find a 250 Testa Rossa under $30 million (€26,635,000).
