Reported about 2 months ago
Monterey Car Week concluded with a historic win for a 1934 Bugatti Type 59 Sports, marking the first preservation class vehicle to receive Best of Show at Pebble Beach. While the event attracted over 80,000 attendees and showcased new luxury vehicles from brands like Lamborghini and Lincoln, the auction market underperformed, falling to $370.8 million, down 8% from the previous year. This suggests a potential correction in the classic car market amidst growing trends in customization and bespoke vehicles.
Source: YAHOO