Ferrari LaFerrari sold on BAT for $5.36M

Did anyone else follow this auction that closed this morning?

https://bringatrailer.com/listing/2017-ferrari-laferrari-aperta/

As high of a price as it is, is it safe to assume that it will continue to appreciate in value?

I don't think it's ever safe to assume the value of a car will continue to appreciate, even for a Ferrari.  The collector market has always had peaks and valleys.

A neighbor has one, crazy, crazy car. When you see it on the road you're not really sure what you're looking at until it's long gone. 

Saw two on the same day a while ago, and then a little while later a Toyota 2000GT. Crazy, lol. 

What was the commission on BAT compared to one of the big Monterey auctions ?

In reply to Steve_Jones :

I saw one on the street and it was definitely a head turning looking it up later kind of moment. 

californiamilleghia said:

What was the commission on BAT compared to one of the big Monterey auctions ?

BaT commission is 5% of the final bid, with a $5,000 cap. So 1/10 or less than the typical auction houses.

Money laundering.

In reply to Appleseed :

I mean, looking at what they're going for that seems like a slightly high but typical price. Lots of sales over past few years in the $3-7MM window.

Remember when BAT was, truly, for projects and stuff? Peppridge Farm remembers...

I used to love looking at piles of parts and stuff on there, things that would, one day, be feasible for my government salary. Now...like every week is a 900k+ car

Im not complaining, its cool to see. But it's different. 

So, it used to be bring a trailer because there is no way it can be driven and now it's bring a trailer because you would not want to risk driving it and you are just transferring it from garage womb to another garage womb.

Fortunate name choice then.  Worked out a lot better than the 99 cents store!