In an automotive universe completely reconfigured after the Covid-19 pandemic shutdowns stalled production lines and hit new-car sales with declines of 20% and more, here’s one area the coronavirus pandemic hasn’t hurt: the values of, and market demand for, classic and collectable sales.
“It’s been a wild ride, but it’s been good—it’s been really good,” David Gooding tells me, adding that Gooding & Co.’s private-sale business is booming. “I’ve had people ask ‘Have you seen pressure sales, desperation?’ And I haven’t. A lot of the people who own these cars have a lot of money. I just haven’t seen one desperate sale. The market is strong.”