For most of us in the developed world today, cars are a relatively mundane part of everyday life, but they have a rich history and classic car collectors try to capture some of the last 100 years of automotive history through their collections. Today, collectors and enthusiasts find space for racing cars, luxury cars, small cars, family cars, innovative cars and cars that were barely put into production.
A decade ago the classic car market was in the midst of a period of record growth with some classic car investments making dramatic returns. While the market for classic cars has now generally stabilised, now may be a good time to consider checking up on the contents of your garage. The value of a classic car can depend on many factors but with so many classic cars sold every day, valuations can usually be very accurate.
To some, any claims to be able to value a piece of contemporary art seem ridiculous. To the uninitiated, the values of works such as Yves Klein’s Monochromes or, in truth, almost any conceptual art seem almost totally arbitrary. The reality, though is quite different.