Per NYP: The bankruptcy filing of crypto firm FTX hhas resulted in crypto investors reportedly selling their luxury cars like hotcakes and it could be affecting the resale value of the market, reports the New York Post.

Some of the most popular models that people buy up when they come into money like the McLaren 570S and 600 LT or the poster child for the rich, the Mercedes G-Wagen are all seeing more cars on the market at much lower values. The unknown head of a luxury dealer, user CarDealershipGuy on Twitter, noted that a 2021 G-Wagen with just over 3,300 miles recently sold for $187,000. While that may seem like a lot (it is six figures), he points out it’s a 30 percent drop from the nearly $300,000 figures G-Wagens were going for earlier this year.

See full article: https://nypost.com/2022/11/28/crypto-bros-offloading-g-wagons-luxury-cars-amid-ftx-crash/