How the Currency Exchange Rate Impacted Price Development of Classic Cars at Auctions

It has been almost three years since the referendum was held to decide whether Great Britain would break away from Europe, and the term ‘Brexit’ has firmly established itself since the vote on 23 July, 2016. Since then, a period of economic uncertainty followed – but that’s not the focus of this article. Instead, we are looking at the price development of classic cars at auctions since then, alongside changes in the value of the pound.

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1990 Ferrari F40, auctioned by RM Sotheby’s in August 2018 for £1,331,250. Photo RM Sotheby’s / Nathan Deremer

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