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That being said, “Insurance can also be more expensive than a regular car, since classic car insurance often involves specific policies that require appraisals and have restrictions, like ...
Based on his extensive experience as an on-air commentator for the Mecum Collector Car Auctions, in which he views and/or evaluates approximately 40,000 vehicles per year, Stephens offers comprehensive and detailed appraisals on classic, investment-grade automobiles through his subsidiary, Ultimate Garage Appraisals.
The fund focuses on acquiring the rarest and most desirable classic cars produced by renowned marques such as Alfa Romeo, Aston Martin, Bugatti, Ferrari, Jaguar, Lamborghini, Maserati and Porsche. The fund's investment manager believes that classic cars with the strongest upside potential are "blue-chip" models with international cachet ...
Mecum Auctions was founded in 1988 by Dana Mecum, [1] a car enthusiast whose father operated a dealership in Marengo, Illinois. [ 2 ] [ 3 ] Dana Mecum initially bought 40 semi-trailer trucks in the 1980s, and traded 10 of them for four houses which he rented out.
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An example would be the Ferrari 330 TRI/LM Spider that was sold for $9.25 million in 2007, which was the 1962 winner of the 24 hours classic. [16] Note that sportscar racers makes up the majority of competition cars on the main list. A car associated with a famous person adds value to its price. [17] Examples are:
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