(By: Conner Golden)
Got any limited-production supercars sitting around? Now might be the best time to dust them off and ship them to auction. RM Sotheby’s recent Scottsdale auction saw the sale of multiple modern super- and hypercars, crossing the auction block for sometimes more than the value of their classic counterparts.
After the dust from Scottsdale settled, analysts from Hagerty Insurance saw a $40 million drop in total sales over the 2015 sale, along with average sale price down by $15,000. Now, as the classic car market remains volatile, the modern supercar market has flourished, with modern cars propped up on speculation for future values. This speculation has begun… Read on here: Supercars in Scottsdale: The Crazy Prices for Modern Cars at RM Sotheby’s Sale.