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What a Bear Market and Strong Dollar Mean for Car Collectors

Conflicting forces are at play.

This 1955 Ferrari 410 Sport Spider—to be offered by RM Sotheby’s in Monterey, Calif., in August—is expected to be worth as much as $30 million. 

This 1955 Ferrari 410 Sport Spider—to be offered by RM Sotheby’s in Monterey, Calif., in August—is expected to be worth as much as $30 million. 

Photographer: Patrick Ernzen ©2022 Courtesy of RM Sotheby’s

In the past two weeks, Peter Brotman found himself evaluating two multimillion-dollar car collections offered for private sale.

Each collection—one with more than a dozen significant Porsches, the other featuring a cache of heavy hitter Ferraris—represents a massive potential transaction on an ultra-rare group of cars that were so undercover that until recently, even Brotman himself wasn’t sure they existed.