Future classics? The cars you should be buying now - The National
It might be difficult to think of a Bugatti Veyron, recently sold at auction during Monterey Car Week by R M Sotheby’s for US$1. 8 million (Dh6. 6m), as a bargain. It had a couple of things going for it: its colour (a beautiful combination of black over red) and the little build number plate secreted inside it, which confirms the chassis number 001. That’s right, the very first production example of the car... Ten years from now, when the Veyron is starting to be considered an “old-timer”, whoever bought that very first one will be sitting on a prime investment. We’ve covered the topic of investing in classic cars within these pages before now, and for good reason: over the past few years, they have seemingly replaced art and property as the place to sink your money. And, while things are indeed beginning to calm down, those prices haven’t exactly started to head south. And unless thousands of collectors in China start to flood the market with the cars they’ve been snapping up in recent years, to stem some of their recent stock-market losses, it’s unlikely to happen anytime soon. Source: www.thenational.ae
