Sports Car Market an Alberto Giacometti sculpture that sold in February for just over $104.3 million, the highest price ever paid for an artwork at auction.
“Historically, the collectibles market has rebounded before the economy in general,” Martin says. “They tank first, and they rebound faster.”
Collector cars are a secondary investment, unlike stocks, Martin says. So, when the money gets tight, fewer car enthusiasts are looking to add to their collections. Martin says certain vehicles, like the Ferrari GTO, will always command attention when they are on the auction block.