Kenny Schachter provides a bit of news buried inside his Artnet column. There he reveals that third-party auction guarantees have come to the classic car market via the ever-savvy Adam Lindemann who may have become:
in all probability the first to have guaranteed a vehicle at public auction in August of this year: a 1953 Jaguar C-Type Works Lightweight in the RM Sotheby’s auction in Monterey that sold for $13,200,00.
Kenny Schachter on St. Moritz and Vito Schnabel (artnet news)
More from Art Market Monitor
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RM Sotheby’s Sets Auction Record with $48m Ferrari; Pebble Beach Sales Reach $368m
Meet Max Girardo: RMSotheby’s Secret Weapon
Classic Cars Off by ~40% at Pebble Beach
Vito Schnabel Stays Neutral in Switzerland
Arizona Auctions Show Move to Middle Market in Classic Cars
