WRE News: Trump’s Trade Wars Can’t Stop Classic Car Collectors from Spending Big in Miami

Miami, FL – March 18, 2025 – Despite Donald Trump’s recent imposition of tariffs on imports from Canada and Mexico, which have raised concerns about escalating trade wars and their potential impact on the automotive industry, the high-end car auction market remains resilient.

At the recent MODAMIAMI event, RM Sotheby’s achieved remarkable sales, with auctioneer Sholto Gilbertson leading the charge. The auction saw $35 million in sales from just nine cars, including rare models like a 1930 BUGATTI Type 35B. The event drew some of the world’s top collectors, from billionaires to industry insiders, all eager to secure once-in-a-lifetime automotive treasures.

This enthusiasm among collectors suggests that, despite broader economic uncertainties tied to trade policies, the demand for exceptional classic cars continues unabated. However, while immediate demand for unique vehicles remains strong, experts suggest sustained trade tensions could eventually temper the market’s exuberance.