Many people used to consider collector cars an investment, similar to pieces of art and rare jewelry. But in the past decade this market has demonstrated unusually high volatility. Prices on classic autos dropped sharply following the 2008 financial crisis only to reach new record highs by 2015. At that time many potential buyers started questioning whether such a rise was a sign of a market bubble. They were right– the collector car bubble did indeed burst, along with art and other high-ticket commodities in the luxury goods segment, as well as high-priced real estate. Continue reading “Collector Car Market of Tomorrow”
