Classic cars are the top asset in ‘Luxury Investment Index’

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We continue to be astonished by the number of people who think classic cars are for investment rather than fun. Latest vexation is a report by Knight Frank. They are, as they call it themselves ‘a human element in the world of property that is too easily overlooked.’ With ‘411 offices in 59 countries and more than 14,000 people’ they certainly seem humanitarian. But advising on property investment is one thing - to keep all these humans going they have now found out about the classic car market, too. And they come up with a classic car special of their ‘Luxury Investment Index’

Knight Frank focusses on the US collector market which they compare to other luxury investments. And from the two graphics shown below, you can make up that (certain) classic cars have proved to be far better investments in the last 10 years than the ordinary Standard & Poor’s stock market, New York luxury homes or even gold. The other graphic shows that Ferrari still is the marque for investments with 62% of the cars sold at auction at over 5 million dollars baring the prancing horse badge. The others marques are other usual suspects – Mercedes-Benz, Bugatti, Porsche et cetera. Now, should people really be encouraged to invest in these?

(Words editor, picture Arthur Bechtel)
 

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