Despite what have been arguably the worst economic times in over a generation, the mantra of the auction world for the past two years has been that cars of uncompromising quality, will always realize exceptional prices. And, while intuition and logic may have dictated that this couldn’t possibly be true in 2010 and 2011, by and large the doyens of the auction world have been right.
For the past couple of years, as people and portfolios licked their wounds from massive losses, auction blocks from Scottsdale to Amelia and Monterey to Paris have somehow managed to generate one record breaking sale or vehicle price after another. Go figure.
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