Classic Cars Could be a Better Investment Than Gold

By |2020-11-23T16:20:43+00:00November 23rd, 2020|Classic Car News, Classic Cars, Investments|0 Comments

*Image by Nakhon100 Many people have opted to look at alternative forms of investment with uncertainties around pensions over the last few years. The annual Frank Knight wealth report lists the 'objects of desire' and demonstrates specific sectors' growth.   Classic cars are included in this report demonstrating their investment potential. The highlight in the 2020 report was a 1994 McLaren F1 LM spec supercar. Which set a record for the model when it was auctioned by RM Sotheby's at the Monterey sales in August 2019 for US$19.8 million.   Analysis by Vanarama and Hagerty Insurance has found that classic