Art and Hypercars Rally to $600M Amid Global Turmoil

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Source: CNBC
Art and Hypercars Rally to $600M Amid Global Turmoil
Photo: CNBC
TL;DR Summary

Global collectors spent more than $600 million on fine art and classic cars last week, as London art sales topped $550 million and Amelia Island posted a $111 million auction, signaling renewed demand for top-tier collectibles despite stock volatility and Middle East tensions. The strength is driven by tight supply, a return-to-quality in bidding, and a new generation of buyers—entrepreneurs and heirs—fueling interest in rare artworks and late-model hypercars.

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