Tensions between Japan and South Korea come as the U.S. and its trading partners are embroiled in a global trade war.Technologyread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
Minutes from the Reserve Bank of Australia's monetary policy meeting in July showed the central bank was ready to adjust interest rates if required.Asia Marketsread more
Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
China's fiscal spending increased 10.7% in the first six months from a year earlier, the finance ministry said on Tuesday, underlining the government's bid to support the...China Economyread more
The findings by McKinsey and Company come amid a year-long tariff fight between the U.S. and China, which has spilled into areas such as technology and security.China Economyread more
Microsoft's considerable reach into the corporate world isn't something Slack CEO Stewart Butterfield is very concerned about.Technologyread more
Von der Leyen, one of the longest serving ministers in Germany, has tried to woo European lawmakers over the last two weeks.Europe Newsread more
A devastating outbreak of African swine fever that has killed millions of pigs in China is changing attitudes in a country where farm hygiene has often been seen as lax by...Livestockread more
In a closed-door meeting at a Manhattan mansion, executives outlined changes to controversial software that was implicated in two crashes.Aerospace & Defenseread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
The collectible car market showed further signs of slowing over the weekend as a mega-auction in Amelia Island, Florida, posted $99 million in sales but failed to sell the star car of the event.
More than 230 cars were sold at the 2015 Amelia Concours d'Elegance, with an average sale price of $402,777 per car, according to Hagerty, the classic-car insurance company. This year's grand total of $99.1 million easily topped last year's total of $66.9 million, but there were 73 more cars sold this year.
Fully 89 percent of the 269 lots were sold, but the big headliner, a 1956 Maserati 200 SI that was expected to sell $5 million to $10 million, failed to meet its reserve price of more than $4.7 million. A 1973 Porsche 911 Carrera RS Sport that was supposed to sell for more than $1 million also failed to sell, as did a 1963 Mercedes-Benz 300 SL Roadster.
Some or all of the cars were likely sold in private deals after the auction.
McKeel Hagerty, CEO of Hagerty, said, "The final sales results exceeded our presale predictions by 5 percent despite a couple of the potential top sellers not finding a new home."
Yet the results show that whether the market for collectible cars may or may not be a bubble, price growth is certainly slowing. And buyers are showing caution.
Here are the top 10 sellers at Amelia by price and auction company: