Luxury Investment Index

[Lurchalot]

Apologies if this has already been posted/discussed here...any thoughts?



and the source - well, you need to read something at the dentist!

http://www.countrylife.co.uk/news/article/530821/T...

[Lurchalot]

I had hoped to use it as a major strand in the argument to persuade the OH to let me sell an empty investment property and buy an XK140 instead!

[mikey77]

Totally irrelevant. By and large, non of the other 'investments' involve any ongoing maintenance costs.

[Lurchalot]

I tend to think that the 'fun factor' and the lack of CGT more than makes up for that (although as a farmer its hard to imagine a farm without ongoing maintenance, or property for that matter)

My thoughts were really in terms of

a) how it might prevent young people getting into classics, as I am ancient enough to have started being interested when it was comparatively easy to start the MGB/Triumph route and keep 'trading up'

b) what proportion of cars will eventually be cold-stored, what proportion just polished and what proportion actually driven, raced or rallied

c) what differential will arise between 'concours' and 'others' in price, or indeed rarer models

d) since a number of more valuable older classics are owned by 'the more mature gentleman' for the most part, when they become unable to drive them, do they mothball them as inheritance or sell them to someone who will drive/polish/mothball


Just a few random murmurings...

[Simon P]

Don't believe that at all - mine has probably doubled but not 4 times and I can't think other makes have skewed it that much.

We don't want to start buying classic cars for investment - they are best used - extensively.

SimonP

[Lurchalot]

Simon P said:

We don't want to start buying classic cars for investment - they are best used - extensively.

Exactly

[a8hex]

Simon P said:

Don't believe that at all - mine has probably doubled but not 4 times and I can't think other makes have skewed it that much.

I suspect that its the top end that has become even more rarefied. Although I saw something in Octane recently on DB6s closing the gap on the Bond associated 5s and a quick look on classiccarsforsale seems to show they've gone up 4 fold since I looked at buying one.

[lowdrag]

Despite it being much punted as an investment, I was somewhat surprised to see that fine wines didn't figure. I am just back from a break in Bordeaux, and looking at the prices now and what I have in the cellar bought ten years back they should be - well some of them anyway. One of mine has tripled since purchase in 2002.

But by far my best investment (apart from some shares) has been the Lynx. Prices are becoming startospheric.

[mikey77]

lowdrag said:

Despite it being much punted as an investment, I was somewhat surprised to see that fine wines didn't figure. I am just back from a break in Bordeaux, and looking at the prices now and what I have in the cellar bought ten years back they should be - well some of them anyway. One of mine has tripled since purchase in 2002.

But by far my best investment (apart from some shares) has been the Lynx. Prices are becoming startospheric.

Have you tasted any of it lately?