Classic Cars as Hard Financial Assets

Hagerty Predicts Collectible Car Auction Prices will Slow

Venerable collectable car expert, Michael Hagerty, predicts recent soaring auction prices for collectible automobiles will slow.

http://goo.gl/hBQw7M

In 2010, when the economic concept of the "New Normal", was formulating itself in the public mind, the big money was quietly placing bets on collectible automobiles as a new form of "hard currency". Were they right? Yes, classic car auction results validate that investing in rare automobiles as an appreciating asset was a smart move at that time.

As America has struggled with the recession, rejiggered health care, student debt and a housing crisis, the appreciation in classic car prices has been unprecedented since 2010. But now come the first withering signs that this economic bubble may be about to burst. Will the prospect of a new "Asian Contagion" courtesy of China's slowdown tarnish the allure of poring dollars into automotive investments?

Auction results at this time of this writing point to a slowdown in price increases overall, although premier examples of one-off or extremely limited production automobiles continues to increase. 

 

 




Lucinda Lewis
Lucinda Lewis

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1 Response

David
David

November 20, 2015

do some timelapse macro lense work where a flewor starts as a bud, opens, and life falls from its grasp project it on glass as a video for an exhibition . sell the time lapse sequences to oxford scientific .. or get it in film and tv commercials or spiders spinning a web set the camera up on a tripod taking pictures as a sequence as the spider spins is web . maybe it rains in the footage maybe its always sunny . maybe the sun sets to be replaced by the moon, the spiders work continues at night till the break of the new day and the rising of a new sun new life .. time detail growth .

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