There are too many auctions, more than 50% go back. The 0% politics of Draghi ends. So the money goes to other places.
There are many cars and the prices still high, but nobody buys.
The Ferrari market ist dead since five years. The good cars too expensive, the bad and cheaper cars nobody buys. I remeber the eigthies and the same situation, but less cars. The prices for Ferraris fell to the bottomless. And not only Ferrari.
Restoration cost is one thing, but for an old FIAT there are no parts! The only brands with parts for old cars are MB and Porsche.
It is nearly imposible to find a waterpump for the FIAT 130 COUPE, or parts from interior.
Dont think in restauration, buy the best restored car and let the old owner lose money )