AS OCTANE WENT to press, the Covid-19 outbreak was continuing to wreak havoc across the classic car industry, with businesses forced to shut their doors, the events calendar in turmoil and major auction houses pushed online.
And with a more-or-less global lockdown expected to last months, people were only expecting things to get worse for some time to come. Indeed, with no sense of timescale for battling the killer virus, at least two leading dealers privately predicted a full-scale market collapse when the outbreak is finally quelled. One, who asked not to be named, said: ‘The world economy is being absolutely crippled by the effects of this illness and there is no way the sums that have been invested in classic cars will stay there. As soon as things return…
