Photo Courtesy of RM Auctions
In a still uncertain economy rare Ferraris have become the blue-chip investment of choice judging by record-breaking auction results over the weekend. RM Auctions, the world’s largest auction house for investment-quality luxury automobiles
, brought in $36.4 million in sales at its epic event held at the luxurious Arizona Biltmore Resort & Spa. The sale represents a massive 42 percent increase over last year’s sale even though there were fewer vehicles featured this time.