Michael Satterfield
Trends from Amelia Island auctions included booming prices for European exotics built in the ‘80s and ‘90s as well as a continued rise in prices for the Porsche market buoyed by the constant climb in price for air-cooled 911s. With Gen X-ers and Millennials now coming into money, the market has taken an interesting turn in regard to the supercars and sports cars of the 1980s and 1990s. This is often thought of as the “bedroom wall poster car” factor. This trend is especially evident in the markedly increased hammer prices for once unloved exotics such as the Ferrari Testarossa and the Lamborghini Countach. For example, a 1986 Lamborghini Countach LP5000 Quattrovalvole coupe sold at the Bonhams auction for $335,500, and was the third-highest selling vehicle at Bonhams. Just a few years ago, one could expect to pay well below $100,000 for a clean Testarossa, but these cars are now trading in the low to mid-six figure range and clean Countach models are selling for nearly half a million dollars. The third highest-selling vehicle for the weekend was a 1995 Ferrari F50 coupe that went for $2,392,500 at RM Sotheby’s.
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