Bloomberg's Hannah Elliott recaps the Monterey classic car auctions

In this week's edition of the ArtTactic Podcast, Hannah Elliott,
staff writer at Bloomberg News covering the luxury sector, joins us
to recap the Monterey classic car auctions, the biggest event of
the year in the classic car market. First, Hannah tells us about
the headline grabbing 1962 Ferrari 250 GTO that sold for $48.4
million, the highest price ever for a car at auction. Hannah shares
the history of the car and why it set an auction record. Then, she
sets the scene for us in Monterey, explaining how many auctions
occurred and how many cars were sold. Next, Hannah describes the
health of the classic car market following the auctions, including
which brands outperformed and which ones experienced softening.
Lastly, Hannah touches on if wealthy Asian individuals are
penetrating the car market, like they are the art market, how car
companies are levering the auction week to debut new cars, and if
we are seeing some collectors who collect both art and classic
cars.