This provenance is crucial in today's
slowing classic car market where increasingly discerning buyers expect the vehicles, their history and the accompanying documentation of it to be flawless.
«In recent years the Amelia Island Auctions have quickly emerged as a significant indicator for the public auctions segment of
the classic car market,» Jonathan Klinger, the spokesman for Hagerty, told Bloomberg before the auction.
The value of
the classic car market increased by 17 percent in 2015 — more than for other luxury assets including watches, jewelry, stamps, art and wine, according to the Knight Frank Luxury Investment Index.
However, growth in
the classic car market is slowing, in part due to fears of a potential interest rate hike by the U.S. Federal Reserve and a downturn in global liquidity.
After years of massive returns
the classic car market is slowing, with collectors focusing on provenance, rarity and condition of automobiles, an expert from a major auction house selling classic cars told CNBC.
Farrell: [
The classic car market] is no different than real estate with its fluctuations.
Robert Frank reports from the Pebble Beach Auctions on this year's top lots, and what may be causing the slowdown in
the classic cars market.
As
the classic car market has expanded, the old - timers have become something of a third tier of the show after motorsport and tuning.
Unless you've been living under your garage for the past five years, you know we've been experiencing yet another boom time in
the classic car market.
Even with several hesitations and corrections over the past several decades,
the classic car market is stronger than ever, pricing many would - be collectors out of cars they've spent a lifetime aspiring to own.
In
the classic car market, there are rare cars, and then there are cars that are absolutely irreplaceable.
Now, as
the classic car market remains volatile, the modern supercar market has flourished, with modern cars propped up on speculation for future values.
During the late 1980's
the classic car market was extremely buoyant and the original DB4GT Zagatos had become the most desirable of the Aston Martin road cars.
Now
the Classic Car market has gone stratospheric on values, attention has been... [Read More...]
The Mercedes 1960's 250 SEB Coupes have become in huge demand over the last few years and are one of the highest climbers in
the Classic car market.
Rudy joined Boodle Hatfield in August 2016 from Goodman Derrick, and is now recognised as one of the UK's leading lawyers focused on corporate and commercial aspects of the art and
classic car markets.
«This year we brought Dietrich Hatlapa out to Sun City for the first Value in
the Classic Car Market (VCCM) Conference ever held in the southern hemisphere, as it's a very different market here to the one which the Index represents.»