Auctions America
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Celebrity provenance is a wildcard variable in determining the price of any item and this week three cars with celebrity provenance went to auction. Donald Trump's Ferrari F430 won the day, narrowly beating a 1955 Porsche 356 Speedster once owned by Academy-Award-Winner Nicolas Cage
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The Scottsdale round of collector car auctions in January is the bellwether for the classic car auction market each year, and in 2017 there's a particular Mercedes-Benz 540 K Special Roadster that will provide an accurate indication of the robustness of the very top end of the market.
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Despite some forebodings that the collectible car market had finally "topped out", it appears that predictions of its demise were somewhat premature. In the last eight days, 14 cars have topped the magic million dollar mark across six auctions.
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This genuine supercharged 5.4 liter car originated in Mercedes-Benz' legendary Singelfinden works eighty years ago and it's one of the finest examples of one of the world's most valuable models yet will struggle to get much more than 10 percent of its potential value. Why?