Ferrari F8 Tributo

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Ben Greenman

Ben Greenman is a novelist and magazine journalist who has written fiction and non-fiction books, as well as many collaborations with pop-music artists like Questlove, George Clinton, Brian Wilson, Gene Simmons, and others. From 2000 to 2014, he was an editor at The New Yorker. Twitter

A $3 Million Ferrari Tests a World Without the Pebble Beach Auctions

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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.”