News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Wealthy drive vintage and luxury cars to record prices

A1936 Bugatti has become the world’s most expensive car and Aston Martins are selling like hot cakes

In early May, an Art Deco-style 1936 Bugatti Type 57SC Atlantic became the world’s most expensive car, when an unknown bidder paid $30m (€24.4m) for it in California. Days later, Radio 2 DJ Chris Evans spent £12m (€14.2m) on a rare 1960s Ferrari, which would have cost half the price two years ago, according to experts.

Last week at the annual Aston Martin auction in Newbury, near London, a record £4.7m was realised from frenzied bidders, with a 95% sell-through rate.

WSJ Logo