I’m writing this as the three-day Goodwood Revival, just up the road over the Downs, comes to a close. Along with the Festival of Speed, which takes place in mid July, there really is no better celebration of the magic of motoring. Whether you’re a petrol head pursuing performance and the acme of engineering, or a design darling marvelling at the sleek lines of the most memorable marques, these are the events that show why classic cars have been at the peak of price increases in the world of auctions and collecting over the past 20 years.
Even with a slight softening of values over the past three years or so, for the most outstanding cars coming to the rostrum the records continue to tumble. In fact, it was only last month that a new world auction record was set for a car when what is arguably the most desirable model ever made, the 1962 Ferrari 250 GTO, took $48.4 million at the Monterey sales.
Lewis Hamilton (Mercedes) may be leading Sebastian Vettel (Ferrari) in the F1 Driver’s Championship by some margin at the moment, but when it comes to collecting, nothing comes close to the Italian marque with the Prancing Horse mascot. It accounts for seven of the top ten prices for cars ever taken at auction …including ALL of the top six.
