We can bring nearly anything to a screen, yet people keep paying more to be there in person. Paul Pfanner looks at what that tells us about racing and live entertainment, and why the present moment carries so much value.

The car brands you grew up with are being repriced all at once, and the sport that depends on them hasn't gotten the invoice yet. Paul Pfanner on Porsche, the yen, China, and a pattern he has watched form before.