Commentary I’ve been writing about inflation lately, and based on the comments, it’s obvious that higher prices are creating hardship and anxiety in many American homes. Today, let’s take a look at the lighter side of the topic and examine the factors causing huge increases in the prices of collectibles and luxury goods like exotic cars, watches, wine, and art. One trend we’re seeing in the luxury and collectible space is sale prices far exceeding expert estimates. In 2021, a 1995 McLaren F1 sold for $20.5 million, exceeding the $15 million estimate by over 30 percent. The McLaren is a spectacular car capable of speeds in excess of 240 miles per hour and in 1995, the F1 won the 24 Hours of Le Mans. However, the sale price is both high on an absolute basis, and compared to expectations. The collectible card market has also seen spectacular returns with the …
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