Has the classic car price bubble burst?
After the value hikes of recent years, softened prices have made classics more of a collector’s market again, writes Stuart Johnston
In recent months there has been much talk about classic, vintage and collectable cars not fetching the prices they were a year or so ago. This follows a huge ramp-up in collectable car prices in the past four or five years, where classic cars were being touted as the best investment on the planet, outstripping the likes of collectable art and property by some margin. The questions we put to experts was whether prices are in fact down, and whether classic or vintage cars were still to be seen as good to excellent long-term investments. Brian Noik, of Oldcars.co.za, has been trading in vintage, veteran and classic cars for the past two decades, and is himself a collector of some fine vintage machinery, including a 1913 Buick. "There has definitely been a softening of prices in the past year," he says. "Speculators have fallen off the boat, and it is being driven by a collector’s market again. There is plenty of interest, but the cars are only selling if they are really well priced, an...