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Investment market: 2018 Roundup

Investment market: 2018 Roundup

Super and classic car investment market: 2018 Roundup

Welcome to Supercarandclassics.com’s roundup of the 2018 Supercar and classic car investment market.

Brexit has taken its toll

The first subject to tackle is Brexit. With the uncertainty about Brexit, many investors in the UK have been reluctant to invest in classic cars, according to Paul Michaels, chairman of Hexagon Classics. Enthusiasts in the United States and Hong Kong were still buying, although President Trump’s recent trade war has cooled ardor there as well.

However, supercars and classics have always been a good investment and they are expected to weather this buyer’s market as well.

As far as return on investment is concerned, art, coins, luxury watches, and wine vie with classic cars as far as 12-month periods are concerned.

The Knight Frank Luxury Investment Index reported in June 2018 that art and wine overtook classic cars as top luxury investments. However, the decline in classic car returns is a modest one, at only 1%. And once the turmoil of Brexit and the tariffs have ended, the market will probably rise again.

Throughout the course of 2018, various classic car and supercar experts were asked by luxury magazines such as GQ which classic and supercars would make good investments going forward.

Classic Car Investments

GQ interviewed Michaels of Hexagon Classics for his views, and received the following opinions:

Michaels suggested that the Porsche Boxster 986 would make a good investment. “Don’t expect major appreciation -Porsche made hundreds of thousands – but buy a low mileage, loved car and it certainly won’t lose money.”

Michaels believes that the Alfa Spider is undervalued. Left-hand drive models will have lower pricing – but not by much, he points out. “Early, pristine Graduate-era Duetto Spiders with round tail bodies can fetch £40,000 with good histories. The final (1990-1993) S4 Spiders are half that and you get fuel injection, electric windows, power steering and limited slip differentials.”

Michaels also pointed out that the Mercedes SL W113 ‘Pagoda’ is “super-cool, and one of the best looking drop-tops from a time when Mercedes made truly beautiful cars….the really exceptional restored cars are £110,000 and more, but there’s perennial demand for these cars.”

Top Auction Sales of 2018

Here’s highlights of a few of the auctions held during 2018.

At the very start of the year, BCA Nottingham’s Top Car Sale was a success, with 85% of cars sold to online bidders. 64 of the 75 lots on offer went to online bidders, including a 2015 Ferrari 458 Spider that sold for £179,500, a 2016 Bentley Musanne 6.8 V8 that was knocked down for £111,500, and a 2016 Bentley Flying Spur V8 Mulliner Driving Spec that was sold for £92,000.

Let’s jump forward to July and the 2018 Bonhams Goodwood Festival of Speed Sale Auctions. The highlight of this event was the sale of a 1961 Aston Martin DB4GT Zagato, which fetched the highest price ever paid for a British-made car at an auction held in the UK - £10,081,500. According to Classic Car Auction Info, this was the third most-expensive Aston Martin ever, and the 44th car to have sold for over £10 million at public auction.

Another record was set for the most valuable BMW ever sold at an auction. This was the John Surtees CBS, one owner from new, 1957 BM 507 Roadster which brought £3,809,500 – over £1,000,000 over its pre-sale estimate.

The 1965 Aston Martin DB5 Sports Saloon, featured in the James Bond movie GoldenEye, was purchased by SPYSCAPE, an education and entertainment company headquartered in New York that focuses on the world of espionage, for £1,961,500, almost £700,000 over its estimate.

A 1931 Bentley 4½-Liter Supercharged Tourer 'Blower' - 1 of the 55 originally built between 1927 and 1931- sold for £2,017,500.

Sotheby’s

Sotheby’s, the foremost classic car auction house in the UK, had a strong year. Perhaps the highlight was their 12th annual auction at Battersea Evolution on 5 September. According to RM Sotheby’s Europe’s Auction Manager, Augustin Sabatié -Garat, “Looking at the top five sales in London this year, it’s satisfying to see stand-out individual prices achieved for exceptional cars across several categories, from American Classics through early Ferraris, and modern supercars.”

Upcoming Auctions

2019 is almost here and there’s a full slate of auctions on the horizon.

Here are just a few of those on tap for January through March 2019:

January
10-13 January 2019 – NEC Birmingham, Silverstone Auctions. Held during Autosport International
12 January 2019 – Interclassics Maastricht. Coys Auction
17-18 January 2019 – Arizona Biltmore Resort, Phoenix. RM Sotheby’s.
26 January 2019 – The Cattlemarket, King’s Lynn. Anglia Car Auctions (ACA)

February
6 February 2019 – Place Vauban, Paris, RM Sotheby’s. Held during the renowned Retromobile week.
9 February 2019 – Thornton Le-Dale, North Yorks. Mathewson’s Auctions
16 February 2019 – The London Classic Car Show, Excel Center. Coys Auction
23-24 February 2019 – Race Retro Classic Car Sale Stoneleigh Park, Coventry, Silverstone Auctions
26 February 2019 – Classic Winter Warmer at Sandown Park Race Course, Barons

March
9 March 2019 – Ritz-Carlton, Amalia Island, Florida. Held during the Amelia Island Concourse d’Elegance
20 March 2019 – Classic Car Auction, Imperial War Museum, Duxford, Cambs. H&H Auctions
23 March 2019 – Thornton Le-Dale, North Yorks. Mathewson’s Auctions
23-24 March 2019 – Classic Car & Restoration Show, NEC Birmingham, Silverstone Auctions.
29-30 March 2019 – Fort Lauderdale Auction, RM Sotheby’s

Whether you are a buyer or just a car enthusiast, it behoves you to experience a classic or supercar auction in 2019.

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