At the recent 2018 Monterey Car Week, a 1962 Ferrari 250 GTO broke the record for the most expensive car ever sold at public auction—bringing in more than $48 million. While an eye-popping number, it is indicative of a larger trend: successful individuals investing in collector cars as a means of diversifying their financial portfolios.
But a collector car’s value isn’t the only differentiator from “everyday” vehicles, even luxury ones. Rather, they require special care and risk mitigation measures in order to protect, both in terms of financial value and driving condition. Continue reading