Market Intelligence
Monterey. Litmus paper
The article discusses the upcoming Monterey Car Week, which takes place after a two-year break due to the pandemic. The event sees the return of the world's top auction houses with their traditional approach after relying on virtual sales in 2020.
There are only a few hours left before the “Collector’s Car Olympics”, better known as Monterey Car Week, and I am eager to see what will happen.
Since August two years ago, the world has transformed: with Covid-19, online auctions have become a valid alternative to the point that today, on the web, supercars worth hundreds of thousands of euros regularly change hands. But, while the big auction houses have “plugged a hole” in 2020 with their virtual sales, now Bonhams, Gooding, RM and Mecum return to the field with their tried and tested approaches.
And it is in this weekend that we will understand where we really are with the “super-ultra-top” market. While we wait for the results to come in, here are some “pointers” on what to follow.
