In the past two months collectors have forked out $600 million for classic cars during America's annual Auto Auctionageddon in Arizona and Florida.
Jerry Seinfeld unloaded his old Porsches and a Beetle for $30m, Dave Gooding sold a 1961 Ferrari 250 GT SWB for $23m and Dana Mecum sold a 1970 Plymouth Hemi 'Cuda for $3.5m, but the highlight was Bonhams selling a 1994 Porsche 928 GTS for $173,000.
The 928 GTS has been the world's most forgotten supercar. The 406 models Porsche shipped to the US were among the most expensive cars for sale at the time. In Australia you probably paid $250,000 for the V8 tourer. Then Porsche went back to back-engined sixes and the 928 went into oblivion.
Enter Michael Willhort from Springfield, Illinois. Mick sells low-mileage Porsches in concours condition for concours money. Singlehandly he created awareness and a very profitable market for the front-engine Porker.
Talking of great investments, RM Sothebys sold a 1962 Ferrari 400 Superamerica LWB Coupe Aerodinamico for a world record $5.7m, nearly a million over the high estimate. Last month in Paris RM sold another 400 Superamerica for $4.2m.