Thrill of classic car investments

Thousands of classic car aficionados attended the 2017 Knysna Motor Show recently to view some of the most head-turning heritage vehicles in the country. Many hope to one day own one of these iconic cars, not only for emotional reasons but because they believe it will increase in value over time. Avid classic car collector Brian Bruce says that like art and architecture, classic cars represent the societal style of a particular period, following the technological, styling and socioeconomic trends of the time. Many people buy them out of nostalgia for a bygone era or to reconnect with brands or models they grew up with. "Traditionally, buyers have been motivated by emotion, mystique, performance success, styling, engineering and marque, but investors are increasingly driven by rarity and future value profile. The benchmark collectible car is the Ferrari — one regularly sees these iconic cars going for between $20m and $30m at international classic car auctions. They’re beautifully de...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Subscribe Sign in

Cancel anytime.

Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

SIGN UP

SIGN IN

Please read our Comment Policy before commenting.