INVESTING IN CARS
Monterey classic car auction nets over $400m
A $30m Ferrari was the most expensive car at the big-money event
The annual Monterey Car Week in the US always attracts the world’s most valuable cars and biggest spenders, and last week’s classic-car auctions didn’t disappoint.
The auctions collectively grossed $400.1m, the second-highest total yet after last year’s record $473m, according to classic-car insurance company Hagerty...
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