Knight Frank Luxury Investment Index rises to 456% return over 10 years
The Knight Frank Luxury Investment Index has risen marginally from 430% last year to 456% return on investment over a 10 year period now. Second placed were stamps at a distant 250%, with coins at 227% and art at just 193% over the same period.
Lamborghini Countach sells for $1,258,000
As reported on the Top Gear website in June of this year, Lamborghini Countach's are up.........well up !. This one sold for GB£720,000, or AU$1,258,000.
Kaiser Partners form Classic Car Trust with iPad App
Fritz Kaiser, the financial services provider from Leichtenstein, has established the Classic Car Trust to assist with the administrative, legal and financial requirements of Classic Car Investors.
How to select the correct Classic Car
Sophia Moseley wrote an article in August 2014 regarding Classic Cars, and how to go about becoming part of the ongoing boom in values.
$38.1 Million sale in Bonhams Quail Lodge Auction
Yet another Ferrari 250 GTO has just sold for rather the large amount of $38.1 Million at Bonhams Quail Lodge
From $8.5 Million to $35 Million in 10 years with one Ferrari
A Ferrari 250 GTO that was built for racing legend Sir Stirling Moss was sold in 2012 for $35 Million, after being purchased 10 years earlier for just $8.5 Million.
Pebble Beach and Carmel Auto Auctions realise $400 Million in sales
The annual combined auctions of Pebble Beach and Carmel have realised $400 Million in sales, at the 2014 events.
Datsun 240Z rises from $5,000 to $20,000 in 8 years
The Los Angeles Times reports that the prices of older Japanese cars are now rising sharply, in line with the steady and continual rise in Classic Car prices.
Russia's Classic Car market is also booming
While the whole of Europe and the United States has embraced Classic Car Investing given the huge rises in value, it has been easy to not notice the other markets. Russia is one of those fast emerging oppurtunities.
$399 Million worth of Classic Cars sold at 3 auctions
Three of the major auction houses recently sold $399 Million worth of Classic Cars, and here are some of the prices paid.
Choosing the right time to buy and sell Classic Cars
Whilst most European makes and models of Classic Car have risen year-on-year, and are now rising even faster, the American Classics have not always enjoyed the same rate of growth. This article tells part of the story.
10 Classic Cars that have doubled in 5 years
Lee Boyce brought wrote an article detailing 10 Classic Cars that had doubled in value in 5 years, in April of this year. In the article he outlined some cars that in some cases had increased in value by 218%, and has a comparison graph with the FTSE and gold.
Alternative Classic Car Finance options
Traditionally there have been some finance companies that would not lend against Classic Cars, and despite that trend changing fast, some companies are already real specialists in this area of finance.
Long Term Classic Car Investments
As we all know there are massive gains to be made in exactly the right makes and models of Classic Cars in the short term year-on-year, although here is Shortlist's group of long term achievers.
$64 Million Ferrari 250 GTO may not be genuine
Within one of our recent news articles, we reported upon a Ferrari 250 GTO that was advertised in late July, 2014 on a German website, although it would appear that there is a question mark over it's originality.