Bugatti, Ferrari, Mercedes are the most expensive classic cars of 2023
The Business Guardian|November 30, 2023
In a year marked by cooling values and economic uncertainties, collectors have displayed unwavering commitment to investing top dollars in the rarest cars globally.
Bugatti, Ferrari, Mercedes are the most expensive classic cars of 2023

On November 13, a 1962 Ferrari 330 LM/250 GTO by Scaglietti set a new record, selling for $51.7 million at an RM Sotheby’s auction in New York City. This antique racer not only became the most expensive Ferrari ever auctioned but also secured the title of the priciest publicly sold car in 2023.

The substantial margin by which it outperformed the next highest sales is notable: a $30.2 million 1967 Ferrari 412P Berlinetta by Bonhams on August 17, an $18.8 million Formula 1 Mercedes via RM Sotheby’s on November 17, and an $18 million 1962 Ferrari 250 GT SWB California Spider by Gooding & Co. on March 2. A 1964 Ferrari 250 LM, selling for €15.7 million ($17 million) at an Artcurial auction on July 5, rounded out the top five.

However, despite these remarkable results, the latter part of the year witnessed softer outcomes, and ongoing macroeconomic factors such as conflicts in Ukraine and Israel suggest that collectors’ enthusiasm may cool in the months ahead.

هذه القصة مأخوذة من طبعة November 30, 2023 من The Business Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 30, 2023 من The Business Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من THE BUSINESS GUARDIAN مشاهدة الكل
FROM GRAINS TO GROWTH: PROCESSED FOOD BOOM
The Business Guardian

FROM GRAINS TO GROWTH: PROCESSED FOOD BOOM

India's processed food market set to reach $535 billion by 2025, fuelled by rising demand and government initiatives.

time-read
4 mins  |
January 11, 2025
The Business Guardian

PM Modi Chairs BJP's Poll Body Meets to Finalise Candidates

Nadda reviewed BJP's election preparations with key leaders and committees.

time-read
1 min  |
January 11, 2025
Kejriwal Promises Funds for RWAs to Hire Guards
The Business Guardian

Kejriwal Promises Funds for RWAs to Hire Guards

AAP supremo Arvind Kejriwal on Friday announced that RWAs will be provided funds to hire private guards to ensure security in the neighbourhoods, if his party returns to power in Delhi.

time-read
1 min  |
January 11, 2025
BJP Poorvanchal Morcha protests at ex-CM residence over 'fake voters' remark
The Business Guardian

BJP Poorvanchal Morcha protests at ex-CM residence over 'fake voters' remark

The Delhi BJP on Friday held a protest against the AAP for allegedly making \"fake\" claims about registration of voters from Uttar Pradesh and Bihar in the electoral rolls ahead of assembly polls.

time-read
1 min  |
January 11, 2025
AAP Accuses BJP of Vote Buying, Fund Embezzlement
The Business Guardian

AAP Accuses BJP of Vote Buying, Fund Embezzlement

AAP on Friday alleged that the BJP is buying votes ahead of the Delhi assembly elections, claiming that the saffron party's Delhi leaders have embezzled funds meant for \"buying votes with money\".

time-read
1 min  |
January 11, 2025
No INDIA bloc party officially backs AAP', says Congress
The Business Guardian

No INDIA bloc party officially backs AAP', says Congress

Delhi Congress President Devender Yadav on Friday, brushed off the perception of the Aam Aadmi Party receiving the support of the INDIA bloc for the upcoming Delhi Assembly Elections and said no party from the alliance has officially extended support to AAP.

time-read
1 min  |
January 11, 2025
BJP to project Ramesh Bidhuri as CM candidate
The Business Guardian

BJP to project Ramesh Bidhuri as CM candidate

Bidhuri, infamous for his derogatory remarks in Parliament, has even abused his own party members and physically assaulted Poorvanchali leaders.

time-read
2 mins  |
January 11, 2025
Krishna Janmabhoomi-Shahi Idgah Dispute: Supreme Court Expresses Reluctance to Interfere With Consolidation of Suits
The Business Guardian

Krishna Janmabhoomi-Shahi Idgah Dispute: Supreme Court Expresses Reluctance to Interfere With Consolidation of Suits

The Supreme Court in the case Committee of Management Trust Shahi Masjid Idgah v. Bhagwan Shrikrishna Virajman & Ors. observed and has expressed reluctance to interfere with the order of Allahabad High Court to consolidate all suits relating to the Krishna Janmabhoomi-Shahi Eidgah dispute.

time-read
3 mins  |
January 11, 2025
Aggrieved with the same, the respondent approached the Gujarat High Court, which allowed their appeal. Against the decision of High Court, the appellants filed the present appeal before the Supreme Court.
The Business Guardian

Aggrieved with the same, the respondent approached the Gujarat High Court, which allowed their appeal. Against the decision of High Court, the appellants filed the present appeal before the Supreme Court.

The Supreme Court in the case Daliben Valjibhai Versus Prajapati Kodarbhai Kachrabhai observed and has reiterated that the period of limitation in such cases begins from the date when knowledge of fraud (underlying the challenged sale deed) is acquired, and not the date of registration.

time-read
3 mins  |
January 11, 2025
Delhi High Court seeks Patanjali's response on Dabur's fresh injunction plea over 'disparaging' Chyavanprash ads
The Business Guardian

Delhi High Court seeks Patanjali's response on Dabur's fresh injunction plea over 'disparaging' Chyavanprash ads

However, while denying the submissions made by Senior Advocate Sandeep Sethi, Mehta stated that all the ingredients which are used in Patanjali's product are as per prescribed formula and fit for human consumption.

time-read
2 mins  |
January 11, 2025