The sale was a huge success, largely because cars are rightfully being regarded as art today. It also successfully brought many new collectors into the market for the first time, which is fantastic news for our hobby. Myers: Sure. Watches, classic cars, art and wine- there is a strong overlap across all these categories.
Myers: My advice for anyone entering the hobby is always buy what you like, do your homework and buy the best you can afford. First time buyers should consult with somebody who knows the business. They should be careful using the Internet and looking for offers and dealers online. The advantage that auction houses offer collectors and first time buyers is that we do some of the homework for them. Myers: As mentioned in the previous question, they consult the Internet and rely on advice from the wrong people and as a result get bad advice.
It is important for collectors to do their homework properly and use experts who have many years of experience. Another common mistake collectors make is that they focus on price instead of focusing on quality.
LME: How do you see the classic car market in ? Which car brands are undervalued today? Ferrari continues to set one auction record after another. Why did you start RM? What was your thinking behind it? Any plans to bring the RM brand to Asia?
You collect motorcycles according to your bio. What was one of the most memorable cars you have sold? Do you see a big overlap between art and car collectors?
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