[Matt Monson]

Originally Posted by NYNick

Well said Matt.
The car below was estimated at $75 Million, and the media was all aflutter BEFORE the auction.
Uh huh...
Ferrari Berlinetta sets all-time auction record - MSN Autos

A while back I mentioned my friend's Fantuzzi NART was going to be coming to market. Car was sold through RM:
1961 Ferrari 250 GT N.A.R.T. Spider by Fantuzzi | Monterey 2014 | RM AUCTIONS

Preauction estimate was $1.2-1.4M. Auction lasted only minutes and the hammer fell at $925k. I don't see the Porsche bubble bursting, but a lot of the Ferrari guys I know say that their market has started to contract substantially in the last 2-3 months.