Better Than Gold: Investing in Historic Cars

9780956864482: Better Than Gold: Investing in Historic Cars

Why is it that a multi billion pound market has never been documented, analysed and interpreted, despite the fact that it has existed for more than half a century?Better Than Gold addresses these questions by rigorously analysing this collectors' market, its trading patterns, players, market dynamics and by comparing its characteristics and performance to other collectors' and established asset classes.The book introduces the HAGI classic car indices, which measure this market accurately on a monthly basis using financial methodology. The four main sections of the book cover subjects such as market history and description, size, and value drivers. Using the indices, the author illustrates historic price developments of various market sections, including those of collectors' Ferrari and Porsche. It also offers fresh insight into some of the most interesting market phases, including an account of the classic car investment bubble of the late 1980s. With a remarkable level of detail, Dietrich Hatlapa elaborates on restoration of classic cars and the philosophy behind this vital activity and craft, which is essential in the value development of a car. Helped by this entirely new research, the book creates the foundation for an investment infrastructure in this asset class. With over 200 quality photographs of collectors' cars, price performance graphs and tables, the book interweaves market theories, index analysis, personal impressions and market data. Finally the book offers a large amount of price relevant information summarised in 14 appendices. It presents the facts in a structured way and is a useful guide for both the market novice and the experienced owner.Find out what drives this exciting market, seen by many as a reliable and entertaining area of non-conformist investing. Better Than Gold is a must read for anyone interested in the classic car sector.

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