Have (pure) investors given up on the classic market?
10/28/2018
A few years ago, when the prices of sought-after classic cars (and youngtimers) were growing by double-digit percentages every year, the classic car scene also attracted people who had little interest in cars but saw good investment opportunities in them. They hoarded Mercedes-Benz 300 SL, Ferrari 250 GT Lusso or Porsche 911 Carrera RS in order to earn real money with them.
When classic car prices stopped rising so steadily a good two years ago, the topic lost interest. This would not have been a reason to sell the cars straight away, but some investors also realized that a vehicle requires constant maintenance and effort to retain its value. This soon became too much for one (pure) investor.
As a result, many of these people (or companies) sold the old cars again and, of course, contributed to the slight downward trend, which, according to the analyses by Orsi and Gazzi in the new "Classic Car Auction Yearbook 2017/2018" , has been accompanied by value losses of 15 to 20 percent in the last 2 to 3 years.
In Padua, it was reported that most (pure) investors had already sold their high-class sports cars and that the cars are now back in the hands of enthusiasts. That's good, you might think. However, despite this trend reversal, you can no longer buy a Mercedes-Benz 300 SL Gullwing for a few hundred thousand; prices may have fallen, but they are still at a high level.
