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As the Bank of England ponders a record 15th consecutive increase in the base rate of interest, the ever-increasing cost of borrowing and living should theoretically have led to a reduction in demand and prices for classic cars. And yet, the market has managed to stay remarkably resilient in the face of stormy conditions, with sales that continue to surprise and market experts warning against snap judgements.
A look at recent auctions results indicate that overall sales have fallen behind slightly in recent months. Historics’ sale rate
