In recent times, eyes have been on tangible assets as investments. It is no secret that people are investing in works of art, fine wine, jewelry etc., but did you know that vintage cars are perhaps out pacing all of these assets? As the Pebble Beach Concours d’Elegance and auctions are just around the corner (beginning August 16th), we decided to take a closer look at the luxury vintage car market. It seems that art does not have to hang on your walls, it can actually be in the form of a car. Check out these beautifully designed cars, and to learn more about cars as an asset class see this artnet article or this comparison of luxury asset funds.
This 1962-63 Ferrari 250 GTO Berlinetta is the most expensive car to ever sell at auction. It sold at Bonhams for $38.1 million during last year’s Pebble Beach auction.
Image courtesy of ArtNet.
1939 Bugatti Type 57C Van Vooren Cabriolet from the Petersen Museum
Image courtesy of Supercars.net
1886 Benz 3-Wheel Patent Motor Wagon. This three wheeled invention marks the birth of the automobile. Carl Benz patented the first gas-powered vehicle in January 1886.
Image courtesy of Pebble Beach Concours.
1934 Voisin C-25 Aerodyne won best of show at the 2012 Pebble Beach Concours d’Elegance.
Image courtesy of the New York Times.
