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Tag Archives: collector cars
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
It doesn’t matter who or where you are with your collector car – you can’t let it be a target for thieves who are always on the lookout for an opportunity. As the spring and summer approach, many collectors will be moving their vehicles. Whether you are transporting your supercar from Florida to New York, shipping a newly purchased vehicle from Washington, DC, or exhibiting at a car show in California, have a plan in place to keep it safe. Continue reading
For those who love their collector cars, keeping them safe and sound is a top priority. Whether you own antique classic cars, 1950s/60s/70s muscle cars, supercars, antique trucks or military vehicles – you likely have a deep emotional connection to your collection. These treasures are to be stored and secured with the highest devotion and care.
And so, they should be. Top classics are demanding prices well over $100,000 these days, so protecting them from theft and damage is a wise decision. When storing your vehicle in a storage facility or protected garage, here are some tips to keep in mind:
At the recent Monterey Car Week, auctioneers pulled in just under $340 million in sales. While not chump change, it was well below 2015 results ($396 million, for reference). As I explained in a recent conversation with Independent Agent, sales … Continue reading
Classic car buffs will likely know the difference between a 1967 Pontiac GTO and a 1967 Plymouth Barracuda. The horsepower, the torque, the available engine sizes, the number of barrels in the carburetor and zero-to-sixty times, are some of the … Continue reading