But what about classic cars? For some, the classic car market is an area for enthusiasts, people who love historic automobiles and lovingly care for them, perhaps taking them out on a breakfast run on a Sunday with fellow enthusiasts.
More than just a simple return
However, for many, classic cars are an investment - one which provides more than just a simple return. Buying a classic as an investment allows you to enjoy your purchase while, with luck, watching its value rise.
We regularly report on the Historic Automobile Group Index (HAGI) which monitors the values of a selection of classic models around the world. The company has also produced a book, Better than Gold - Investing in Classic Cars, which is one of the few true guides to this often overlooked form of investment.
The book is authored by the head of the Historic Automobile Group, Dietrich Hatlapa, and he, along with other experts, shares his views each year at the HAGI Value in the Classic Car Market in Dartmouth in the US and at the HAGI Classic Car Symposium in Cologne, Germany.
About the Value in the Classic Car Market conference
Now the inaugural Value in the Classic Car Market conference is set to be held in South Africa in association with HAGI, The Classic Car Finder (TCF) and Concours SA. It will be held at Sun City from 3-4 August 2017, prior to the Concours SA event.
Hatlapa will be one of the keynote speakers at the event which will cover such topics as restoration, cost and value; the psychology of collecting; are supercars instantly collectible; market regulation; and cars, art and preservation.
The conference promises to be a great opportunity not just for existing collectors but for those who are interested in getting into the classic car market, both from an investment and a passion point of view. Organisers are promising that it will provide essential advice and insight which has not been as readily available in SA before.
For many, the idea of investing in classic cars is daunting, in spite of the proven strong returns. The conference will provide advice for novice to established collectors. Whether you want to invest in your first classic MG or sell part of your portfolio and buy an historic Ferrari, this event could be the source of information you need.
I-Net Bridge For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field. Go to: http://www.inet.co.za
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law.