The collector car market cratered in 1989-90.
What were the significant events that preceded the collapse?
1. Auction companies popped up everywhere trying to get a piece of a rapidly growing number of transactions, increasing prices and resulting commissions;
2. Cars sold to speculators, not collectors;
3. Individuals like Hans Thulin took on huge bets on the collector car market’s continued rise; Thulin eventually failed to consummate his purchase of GTO 3607 at Monaco in 1990 for $10.7 million and a year later it was sold … More
This entry was posted
on Thursday, June 30th, 2016 at 6:22 am and is filed under Auto Misc., Automobile, Hot Rods & Customs, Sports Car, Vintage Racing.
You can follow any responses to this entry through the RSS 2.0 feed.
Both comments and pings are currently closed.