Virtual auctions sell luxury goods despite pandemic

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South Africa Headlines News

Investors are bidding remotely for wine farms and vintage cars — and it won’t stop any time soon

High-end investors are buying everything from wine farms to vintage cars, land and distressed homes, despite being in the midst of a global pandemic.

As SA went into a hard lockdown at the end of March 2020, auctioneers, estate agencies, art dealers and others had to find innovative ways to do business or risk losing their livelihoods...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

 

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