The pinnacle of the collector car world is approaching and we expect to see more cars crossing the block than in recent memory. Maybe it’s just the entire hobby itching to get outside and socialize after the last year, but auctions are expanding and some big ticket items are going to be on hand for Monterey Car Week in 2021.
RM Sotheby’s is expanding to three nights, up from the usual two – that’s how many cars we’ll be watching next month. Several collections are being offered, including the Paul Andrews Estate Collection, featuring a 1959 Aston Martin DB4GT Lightweight and a 1955 Jaguar D-Type, among many other highlights.
This raises some questions. Should we expect to see all time highs when the hammer drops, or is there something else driving all these collectors to sell their cars? Are we going to see an influx of new money into the collector car market? Are older collectors looking to downsize and move on to some extent?
Or perhaps it’s the simplest reason of all – prices have been moving up and people are trying to catch the wave before it peaks.
We’ll learn more when we see the cars crossing the block, but one thing is for sure – it’s going to be exciting!