CLASSIC NEWS
Classic values in slower gear
Values have slowed slightly in the classic car market but remain mostly positive writes Mark Smyth
According to the Historic Automobile Group, the latest prices for classic cars regained some ground in August. The organisation’s Hagi Top 50 index was almost unchanged last month, losing 0.18% month on month. Year to date the index shows values down 3.42% but for the 12-month period they are slightly up by 1.52%. According to the company, one of the major reasons for the recovery in prices is the success of the recent Monterey auction at Pebble Beach in the US where prices held their ground after a few disappointing auctions earlier in the year. The Ferrari F40 now tops the list of appreciating classics, with its index weight standing at a healthy 7.2%. The Mercedes 300SL roadster sits in second at 7.1% followed by the McLaren F1 at 6.2%. Values of the Ferrari Dino continue to rise, with the model sitting at sixth in the index with a weighting of 4.5% as more information continues to emerge on Ferrari’s plans for a new Dino, possibly in 2018. In terms of the individual Ferrari, Mer...
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