As we predicted, Crypto is falling yet again, 99% this time for Terra Luna, with the NASDAQ down another 4.3% today.
As the world's stock markets fall, inflation rises along with interest rates, people are looking for safe haven's with Collectible's. Three World Record's have been set in the past month, with the sale of an Andy Warhol painting of Marilyn Monroe for AU$278 Million (US$195 M), a Picasso yesterday for AU $96.2 Million (US$67.5 M), and a Mercedes Silver Arrow 300 SLR for AU$204 Million.
No wonder Investors are flocking through our door to get in on the hottest asset class that there is.
As the values of all Collectible Cars skyrocket, it is no suprise that this rumoured sale may have occurred at this time.
Whilst the world has a few current issues going on, it is no wonder that great things continue in the Collectible Car Industry. It would appear that Mecedes-Benz may have sold one of it's two Silver Arrow racing cars, for US$142 Million, or AU$204 Million. Mercedes apparently contacted approximately 10 of the world's most affluent Collectors, and set very stringent sales criteria around the rumoured transaction. The potential buyers were believed to have flown into Stuttgart in a number of private jets on the 6th of May.
Being 12-20 months ahead of the next booming Collectible Car is the only place to be.
Back in January 2020 we purchased 3 Mitsubishi Evolution 6.5 Makinen's from a formidable Collector for an average price of $37,400. Now, in May, 2022, many of the Collectors that we are having long dialogues with are offering an average of $158,000 for the same cars. Each example had an average of 52,381 kms showing on their odometers, along with complete Dealer History and servicing from new in every case.
What are the next boom cars ?...................We are purchasing them all now (including the V8 two door that's rising by $15,000 a month), and so call to become part of the fastest rising asset class.
As the U.S. Stockmarket moves into serious correction territory, our cars just continue to boom.
With fears of rapidly rising inflation, the U.S.A markets have tanked, closely followed by some other global markets. Meanwhile, Collectibles in general are rising rapidly, primarily because none of these things are being made anymore. Andy Warhol's painting of Marliyn Monroe just sold for $195 MILLION, because there is only one of them. Ferrari 250 GTO's sell for up to $70 MILLION because there were only ever 39 built. Our cars rise in value all the time because they are rare, and are never ever going to be built again.........ever. All that is required is to know which ones will boom, and which ones will stagnate.
Another Lightweight version of the famous RS 2.7 Carrera is coming up for sale at R.M. Sotheby's.
Yes, it is time to get the cheque book out again, as there were only 200 Lightweights built, and so here is a chance to purchase a rare Porsche that will actually always rise in value, rather than rise on hysteria, and then drop like many Porsche models do. This example has even had the boot straps replaced with the M472 lock mechanism.
Very modest gains over the past 3 months, with the usual big brand names dropping fast during a time of change.
The past 3 months have definitely been volatile, with a war in Ukraine and increased global inflation, with interest rates following on fast behind. Now that Australian property prices are just about to go into freefall, we are being totally inundated with new investors. This excellent data supplied by Russ Smith on page 17 of Thoroughbred and Classic Cars (June 2022 edition) reports all of the sales for the past quarter, and again it clearly shows that sales are a little subdued, with only 17% growth for a BMW. That said, the Vauxhall Cresta is up 51% !!. Naturally, another Ferrari is DOWN this quarter, and this time it's the turn of the 400 Superamerica, down 7%. The Porsche Carrera 3.2 Supersport is down again...........this time another 2.9% to make it 15.8% for the year. That is why we move these cars onto new custodians..........fast !.
Here a few examples of the cars that people that purchase from advertisements and auctions have been acquiring :
The rising Collectible Cars
Lotus Europa Special Up 15%
Ford Sierra RS Cosworth Up 9.7%
Renault 5 GT Turbo Up 11%
Vauxhall Cresta PA Up 51%
It is of course too late to capitalise on the values of these cars, as they will now stop growing, and so we move on into the next 84 great Collectible Investment Cars that will boom in 3-6 months time.
The dropping Collectible Cars
Porsche 356 Speedster Down 2.5%
Ferrrari Testarossa Down 2.9%
Ferrrari 400 Superamerica Down 7.0%
Porsche Carrera 3.2 Supersport Down 2.9%
Call us now to discover which cars will almost double in value over the next 3-6 months.
This A.C. Ace roadster was sold in mid-March by H&H Classics during their event at the Imperial War Museum in Duxford.
This car was built in Thames Ditton, Surrey, on the 29th of May, 1963, and is one of 37 cars built. The sale is a tremendous example of the incredible depth of the Collectible Car Industry, and to the prices being paid even when a little work is involved.........
Prices are significant and will always rise when the correct cars are invested in, as we do.
The Reserve Bank of Australia has admitted that property prices will punge as interest rates rise repeatedly (as they always had to do !).
Now that the inevitable is coming to pass in line within all of our predictions, what will become of the Australian Investment sector ?. Well, from our perspective, things could never be better, as people flock into an asset class that always rises, and at the very, very worst, just flatlines, prior to the next big rise.
This article in the Australian Financial Review makes it very clear that the Reserve Bank of Australia has warned a 15% drop in house values, whilst the Westpac Bank is saying 14%, with the ANZ Bank talking of a 10-15% drop as interest rates rise back to 5.5%, which is below where they originally were.
This correction had to happen, and so the timing was always the key. Will the first rise occur on Tuesday ?.............we are certain that it will, as it just has to, to be in line with global events.
In the meantime, there are anothe 16 cars that we have just added to our ever growing list of fast market climbing Collectible Cars.
The amazing BMW 2002 Turbo is both extremely rare and loads of fun at the same time.
This great article from Petrolicious really sums up so very well why so many people are turning to cars built prior to the year 2000, which was 6 years before most of the automotive creativity collapsed, and we progressed to where we are now, with all cars being essentially the same. This article also discusses the way in which the turbo spools up on this great car, as well as straying into a discussion on the virtues of a good old H-Pattern the manual gerabox versus today's blip-quick automatics.
Our Investors are changing, as profits rise.
Over time things change, and that is certainly the case as we embark into the next, and arguably most exciting range of high return Collectible and Classic Cars. As this News Article highlights, the new demographic are cashed up and know exactly what they want..............The cars that we have !.
Call us now to get in on the action, before you miss out.........again.
Massive sales, records broken, new online auction sites built and world record sales are all in a years work for this incredible industry
As this New York Times article reports, all records are currently being broken and everyone's investments are rising rapidly.
Yes, now Chassis Number 23 is finally up for sale.
This great car could be secured for just $2.5 Million (£1.4 Million), and is undoubtedly a very fast piece of history.
Dave Kinney gives us the lowdown in a great You-Tube video.
Dave explains how the boredom of being locked down in 2021 saw the boom of a couple of auction websites along with increased social media activity that resulted in a new global movement, although goes onto point out that it is always specific cars that see the greatest gains............hence why we do what we do. One just has to know which cars are the winners, and which are the losers....
As we all know, some of the older Collectible Cars from the 1960's and early 1970's are fast being replaced with new market leaders.
There is always a changing of the guard going on, and 2022 is no different in that regard. Specific cars from bygone years are falling out of favour, and rapidly being replaced by some real market disruptors that we are investing in heavily. Instead of the usual doubling and sometimes tripling in value of our cars over the next 6-9 months, this year things are looking to exceed the two previous years, which is rather difficult to imagine.
That said, the writing is on the wall, with worldwide turmoil and disruption everywhere, the smart investors are now placing their money into the safest asset classes on the planet, which for the first time seems not to be gold. This time, all of the Investment Houses that we converse with are going into Collectible's, of cars, art and watches.
As the Collectible Car Industry continues it's endless expansion, this report highlights so many cars that have sold for way above the auction estimates, as is usual these days.
As people continue to flock into real cars that actually drive properly, with brakes that feel like they work (without 4 ECU's between the driver and the road), a throttle that is connected via a cable on not a piece of software, and steering that let's the driver know exactly where the wheels are pointing, prices just continue to set new records. Naturally, all of the cars listed have now reached their peak (now that they are in the public domain), and so we move onto the next 84 cars that will double or triple in the coming months.