“The question is how much further capitalism will be deformed by government intervention on this scale. When the government is willing to buy just about anything, it distorts market prices, which normally guide people to buy into profitable, promising companies. Now investors are simply buying what the Fed buys. The process of competitive capital allocation, […]
Two weeks ago we reported that Bring a Trailer had been purchased by Hearst Autos. In the latest issue of Sports Car Market, we take a deep dive into the recent sale of this iconic and groundbreaking auction asset. The article outlines the details behind the sale of Bring a Trailer as well as our exclusive […]
“I’m very excited to continue to lead Bring a Trailer as we partner with Hearst Autos. We can now keep all of the best parts of the business intact while enhancing our capabilities to address our huge product demand and user traffic growth.” —Randy Nonnenberg, BaT Co-Founder and CEO “Bring a Trailer has set the bar […]
Bring a Trailer is experiencing an explosion in traffic and a high sell-through rate. Even the venerable RM Sotheby’s is migrating online. Gooding & Co. is ramping up their direct sales channel. Is this a Covid19 fad or a long-term trend? In the upcoming Sports Car Market August supplement issue, Turtle Garage joins a distinguished […]
In the June issue of Sports Car Market, we review the sale of a 2002 BMW E39 M5 at Gooding’s Amelia Island Auction. The E39 M5 is perhaps the ultimate German super sedan. This is the the last M5 with a conventional key and a oil dip stick. Still modern to drive, its a wonderful […]
While the new car market is suffering its worst period in the post-war era, certain areas of the collector car market are on fire. We have been carefully following recent auctions results, and the outcomes are stunning. Over the last few weeks, modern classics have realized impressive prices. Beyond the high-profile public sales, our insider […]
The Coronavirus is upending our lives like nothing else in modern history. Out of nowhere, this black swan pandemic has turned all of our lives upside down. Coronavirus has become the sudden equalizer because we all are feeling the impact in one way or another. From billionaires to small business owners to retirees, we are […]
The recent sale of a BMW E30 at the Silverstone UK auction has caused quite a stir in the world of modern classic collectors. This non-M E30 sold for a whopping $65,555 and there is a wide dispersion of opinions over this outcome. In the most recent Sports Car Market we take an in-depth look […]
In the current issue of Sports Car Market, we profile the recent stratospheric sale of a near-perfect BMW 850CSi. These cars are finally emerging as the ultimate Youngtimer BMW collectible—The 850CSi even appears to be surpassing the legendary E30 M3 as the “must have” post-war BMW. While the price paid here was all the money, […]
In the most recent issue of Sports Car Market, we profile the recent sale of a 2007 BMW M5. A decade ago, this car represented the state-of-the-art of mid-sized super sedans. Today, this E60 is a depreciating used car that will undoubtedly require significant investment to keep up and running. This example had over 50,000 miles and […]
In the December issue of Sports Car Market, we profiled a recent auction sale of an Audi RS6. The RS6 was a fantastic car back in 2003 and remains so today. Equipped with a bi-turbo 4.2 V-8 and flared fenders, the RS6 is the quintessential German super sedan. In a genuine sense, it’s the spiritual (and […]
Philip Richter is President and co-founder of New-York-City-based Hollow Brook Wealth Management, LLC. The Turtle Garage Blog, he says, is dedicated to his "love of excessive personal transportation."
