The market? Sale prices at RM Auction Milan Autoclassica very high..

The Maserati MC took home over 3million Euros...
A derelict Ghibli took home almost 120,000 Euros...

I was just flipping through the sale prices at the RM Autoclassica in Milan, Italy (forced auction of the due to back taxes).. I'm surprised how high they are, even if the prices include commission..

RM Auction at Milan?s Autoclassica 2016

Your opinions? ... Stock market is up, so I'd thought money would head in that direction and I thought I sensed prices had plateaued this fall... maybe that was my perception bias?

Maybe this is the market and I've not been paying attention? Maybe exceptionally fine or rare examples? Is this Chinese looking for a haven under the threat of US interest rates going up and their bond market weakening?

Just very curious to see this, assuming it's a gauge of the market.
- Art

 

Merci, Marc!
- Art