Investing in classic cars - for example, Bugatti, Jaguar or Ferrari rare models in perfect condition - in times of crisis may be safer and more profitable than investments in any other assets, including stocks, artwork and even gold, according to the newspaper Financial Times.
The car for this investor - not only and not so much a means of transportation, as a potential source of future income, experts say. The demand for retro cars in recent years had grown so large that they had created a separate index - HAGI Top, monitor the price fluctuations in the market.
"There is a flight into real assets - said the creator of the index Hatlapa Dietrich, founder of the Group of Historic Vehicles, a former manager of Baring Securities, ING, Macquarie. - People in the evening you need something that can touch and not a piece of paper lying in the bank."
Despite the fact that sales of classic cars have declined during the crisis, auctions continue to set records.
In August. This is the highest price at which ever sold retro car of American manufacturing at the auction.
In the most recent Bonhams auction were sold from 80% to 98% of lots in the usual level of 60-80%. A particular demand are cars beginning of XX century, or copies that have an interesting history.
Index HAGI Top, tracks 11 brands and 38 models of classic cars, rose by 39% since its launch in early 2008 on 31 July 2009.
However, the international index of the cost of art objects Art Price Global for the period fell by 29% in terms of euros. Index Liv-ex 100 Fine Wine, fixing the dynamics of the value of the 100 most rare and exquisite wines, lost since 2008 10%. Gold during this time cheaper by 15%.
By: Toronto Escorts
