Just Another $40 Million Buying Spree

While most of the collector car market percolates along, with prices for sound cars appreciating gradually, one segment has ignited with the fury of a Saturn V booster rocket. During the last month, John McCaw of Bellevue, Washington, who made his fortune in the cellular phone business, has spent over $40 million enhancing his already formidable Ferrari collection, and at the same time redefined the values of an entire echelon of Ferraris.
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Keith Martin

Keith Martin has been involved with the collector car hobby for more than 30 years. As a writer, publisher, television commentator and enthusiast, he is constantly on the go, meeting collectors and getting involved in their activities throughout the world. He is the founder and publisher of the monthly Sports Car Market, now in its 33rd year. Keith has written for the New York Times, Automobile, AutoWeek, Road & Track and other publications, is an emcee for numerous concours, and had his own show, “What’s My Car Worth,” shown on Velocity. He has received many honors, including the Lee Iacocca Award, the Edward Herrman Award, was inducted into the Concorso Italiano Hall of Fame and more. He is on the boards of directors of The LeMay Museum and Oregon Ballet Theater, and was formerly the chair of the board of the Meguiar's Award.

Posted in Shifting Gears