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A couple of things are happening in the antique car hobby.
Background: The Ferrari 250GTO is generally considered the most desirable "classic" car. Won LeMans, only 30-something built, beautiful, etc.
In 2013, one set a record, selling for 38 million dollars. Then, one sold for 52...
I have a customer with a '66 427/425 Corvette and he spent $165K building the car (nut and bolt, total perfection restoration, date coded air in the tires kind of thing).
He already owned the car, so that doesn't include acquisition costs.