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Bloomberg Intelligence
CT Finances, Yields, Obesity Drugs, and Cars
Nov 8, 2023
Sean Scanlon, State Comptroller for Connecticut, discusses Connecticut finances and fiscal spending. Sam Fazeli talks about weight loss drug development and vaccine development. Matt Smith discusses inflationary trends, market outlook, and attractiveness in yields. Philip Richter discusses the impact of higher interest rates on the collector car market.
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Quick takeaways
- Higher interest rates do not significantly affect the collector car market, as the value of rare and iconic vehicles such as the Ferrari GTO and Mercedes-Benz CLK GTRs are driven more by their exclusivity and scarcity than interest rate fluctuations.
- The collector car and art markets are experiencing a market bifurcation, with top-tier, high-value assets seeing strong demand and price appreciation, while lower-tier assets face more challenging conditions.
Deep dives
Interest rates have minimal impact on collector car market
Higher interest rates do not significantly affect the collector car market, as the value of rare and iconic vehicles such as the Ferrari GTO and Mercedes-Benz CLK GTRs are driven more by their exclusivity and scarcity than interest rate fluctuations. Collector car owners and enthusiasts prioritize the unique and irreplaceable nature of these vehicles over interest rate considerations.
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