"We had a 1973 Maserati Khamsin. It was one of five pre-production prototypes. And it was sold on auction at the beginning of this year [2016] at R1.6m. The new owner is doing a rebuild on the car. By the time he’s finished, it is probably going to be worth close to R4m." Classic car specialist Jack Rosewitz, a consultant for auctioneers Stephan Welz & Co, is rattling off anecdotes about the recent spike in classic car prices. "A few years ago we had a Mercedes-Benz 54K which we sold on auction at R7.6m," he adds. "And within a few years it’s gone over the R20m mark." Another Mercedes, the 1969 280SL Pagoda, was on the Stephan Welz auction in November. "Three to five years ago, you paid R300,000 to R500,000 for it," he says. "Today, there’s one in Cape Town for R3.5m, with a dealer." But it’s not just the most expensive marques. "A little MGA five years ago cost R100,000," says Rosewitz. "Today you can’t get one for R500,000."
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