Are classic cars good investments?
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Are classic cars good investments? Historic Automobile Group International (HAGI) Classic car market prices overall corrected during 2023. The HAGI Top Index lost 2.41% during December and 6.22% in 2023. Performance during 2023 should also be seen in context with financial asset allocation and performance. Despite several negative predictions from leading analysts, global stocks showed strong performance during 2023 with the S&P global 1200 up 20.68% in USD terms.
The upside of buying a vehicle with a rebuilt or branded title is that you can own and drive one for significantly less that the identical car with a clean title. The downside is that nagging question of whether it truly was repaired properly, and of course its subsequent resale value. Also, if you plan to finance the purchase the lending institute will almost certainly require a Fair Market Value appraisal. We can help! Call/text 786-853-0711
The world’s most expensive car is at the center of a High Court battle between a dealer and an American collector, as a judge must decide who is entitled to the $48 million vehicle’s gearbox. Gregor Fisken, 55, a London classic supercar trader, bought the 1962 Ferrari 250 GTO in October 2017 on the understanding that its missing original gearbox would be sourced. However, when the seller, Bernard Carl, a Washington lawyer, failed to hand over the part, Mr Fisken sued for breach of contract.
Monterey Car Week 2019 is over, with sales totaling $246 million — down from 2018’s $375 million total. These auction houses have released preliminary totals.
A 1962 Ferrari 250 GT SWB Berlinetta will cross the block at no reserve during RM Sotheby’s August 15-17 Monterey Auction.
An opportunistic car "collector" used a test drive to make off with a Ferrari worth $2.2million.