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Classic cars as an asset class
The International Family Offices Journal
Vol. 4 - Iss. 3 pp. 17–19
Mar 2020
We switch gears (watch the pun) to this article by Ronald Graham (Taylor Wessing, London) who suggested this topic, which we learn is a topic that he is extremely familiar with. Ronnie explains how the cars are valued and practical information about their ongoing management. He includes a number of actual examples. His concluding advice (one more pun on the way) is: Ultimately a classic car, like a painting, should be purchased for the love of it and not for its investment potential and because of this passion risks are often taken on purchase, ownership and sale. It is our role as advisers to help minimise these risks and advise on how best to hold ownership. With the rise in values of classic cars and their growing appeal to new and existing collectors we need to be in the driving seat to know how best to protect but I hope not prevent their purchase. It is a first for this topic in the Journal and we are pleased to be including ?the best' on this topic.