40 years ago - classic cars from a commercial perspective
Summary
Even 40 years ago, people were already thinking about how to predict or estimate the potential increase in value of a classic car and how to separate the wheat from the chaff. Mr. Reinhard Berger from the US-Auto-Genter Hamburg even developed a mathematical formula for this. This article reproduces the original wording of the observations made at the time and also gives examples of vehicles that were considered "hot" candidates for sure increases in value at the time. Is it still true today?
This article contains the following chapters
- Parallels to the antiques business
- Benefits in several respects
- Class and perfection are in demand
- Rare models increase in value more quickly
- Purchasing in the phase of the price minimum
- Rule of thumb for determining value
Estimated reading time: 7min
Preview (beginning of the article)
The economic structure of the Western world is largely determined by competition. Particularly when there is a mass of supply and demand, it is only possible to establish and maintain a market-leading position in exceptional cases. For this reason, the principle remains valid that economic ventures are only promising if they penetrate and fill gaps in the market. In the goods trade, there is still an interesting complex within existing gaps in the market for antiques. They elude the normal pricing process, if one considers the corresponding product category as a whole. This is because superficial, objectifiable considerations are not taken into account, or only in addition. However, in addition to the subjective perception of value, the expectation that an objective increase in value can also be expected over time, i.e. that profits can be made on a later sale, can also be of equal importance.
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