‘Coutts passion index reports a growth in classic cars since 2005 of 245.8%.’
In 1960, a Ferrari 250 GTO sold for around £6,000. Fast-forward to today and that same motor car fetches over £52 million at auction.
1980s-2020s: The Monterey auctions become synonymous with seven-figure Ferraris, with 19 of the top auction sales over 36 years occurring here.
Ferraris dominate, with six of the top 10 cars sold this year from the prancing horse stable.
Classic cars offer a unique blend of investment and personal enjoyment, allowing owners to indulge in their passion.
It is more than just financial gain—it’s about preserving and enjoying a piece of automotive history.
In the UK, individual classic cars are exempt from capital gains tax, making them an attractive option for high-net-worth individuals.
Entry into the classic car market often requires substantial investment, limiting it to a select few.
The classic car market can be unpredictable, with trends and economic conditions impacting prices.
Selling a classic car takes time and effort to find the right buyer.
Ensuring the car’s authenticity and provenance is crucial
Not all classic cars increase in value; some may depreciate if they fall out of favour or market shifts.
Classic Cars as a Financial Asset Class
The financial industry, recognising the investment potential of classic cars, has started including them in portfolios.
Firms like Italy’s Azimut highlight the growing importance of classic cars as an alternative asset class for savvy investors.
‘Investing in a classic car is like marriage: it’s a lifelong commitment that requires patience, love, and much money’
