Better than Gold

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Despite being a multi-billion-pound market for over fifty years, the classic car collectors' market has remained largely undocumented and unexplored. This book rigorously analyzes the market's trading patterns, players, and dynamics, comparing its characteristics to other asset classes. It introduces the HAGI classic car indices, which accurately measure market performance monthly using financial methodology. The book is divided into four main sections covering market history, size, and value drivers. The author uses the indices to illustrate historical price developments, including those of collectible Ferrari and Porsche models, and provides insights into significant market phases, such as the classic car investment bubble of the late 1980s. With remarkable detail, the author discusses the restoration of classic cars, emphasizing its importance in value development. This new research lays the groundwork for an investment infrastructure in this asset class. Featuring over 200 quality photographs, price performance graphs, and tables, the book combines market theories, index analysis, personal impressions, and data. It also includes 14 appendices summarizing price-relevant information, making it a valuable resource for both novices and experienced collectors. Discover what drives this exciting market, regarded by many as a reliable and entertaining investment opportunity.