Gentlemen, Just thought I would share this article from the FT.
http://www.ft.com/cms/s/2/12e4460a-37ad-11e6-9a05-82a9b15a8ee7.html#axzz4DjlJ7HAw
To add to their report, the market for Classic cars is not currency nor geographically dependent, as its an international market. If one currency drops or the country's economy slides into recession, the car maintains its value as it can be sold in other markets.
The recent auctions at bonhams and the Mercedes-Benz museum saw cars from all over the world including the US, UK, Europe.. cars were sold in Euros. Car collectors from new emerging market and new age groups being an important factor in the price increase as well.
http://www.ft.com/cms/s/2/12e4460a-37ad-11e6-9a05-82a9b15a8ee7.html#axzz4DjlJ7HAw
To add to their report, the market for Classic cars is not currency nor geographically dependent, as its an international market. If one currency drops or the country's economy slides into recession, the car maintains its value as it can be sold in other markets.
The recent auctions at bonhams and the Mercedes-Benz museum saw cars from all over the world including the US, UK, Europe.. cars were sold in Euros. Car collectors from new emerging market and new age groups being an important factor in the price increase as well.
