On BAT I’ve noticed a slight trend in several typically big ticket Porsches not meeting reserve. I’ve also noticed people seemingly putting together everything and anything Porsche and trying to sell it and lately there haven’t been as many takers. With market interest rates changing, will this affect speculation buyers? Take this 965 flat nose:
These have been going for astronomical prices. Just look at this list of previous and future sales.
There has been a lot of talk about a correction in the classic car market and it makes sense that a lot of well known collectors have unloaded some cars lately as this may have been the perfect time.
I hope the bubble is bursting as a lot of these prices have just been stupid.