You can bank on the classics

Riley Riley

Buying a claasic is money in the bank.

As an investment classic cars continue to outperform just about every other option available.

That’s the word from international car auctioneers Coys who say the outlook for 2018 is optimistic and expect to see new participants in the classic car market.

CEO Chris Routledge said as some of the uncertainties of the last 24 months have begun to settle down the historic motor car market has remained stable and resilient due to its global attraction.

“Now more established than ever as a lifestyle choice for investors and collectors worldwide and out-performing virtually all other known investments over the last decade, the outlook for this marketplace is optimistic and established,” he said.

“There is a new maturity in the historic car market which gives it international credibility which can now only move forward.

“From our own perspective at Coys, as we approach the 100th anniversary of serving the historic and specialist car market, we look forward to this new and mature marketplace with its well advised participants.

“Our calendar of International events in 2018 is considerable including our return to Chiswick House in West London, one of our ancestral homes, along with our repeat event, Legende et Passion in Monaco, which is the longest established auction in the Principality, under the same brand.”

Coys has simultaneous auctions planned for Saturday, January 13 at two of Europe’s most important shows – Autosport International in Birmingham (UK) and Interclassics in Maastricht (Holland).

At the Autosport Show, held at NEC in Birmingham, Coys will hold a specialist Ferrari sale honouring the marque’s recent 70th anniversary.

One of the Ferraris on offer is a 1993 F40 Michelotto that it is estimated could go for up to £1,000,000.

This original competition car is fitted with its original matching numbers engine and was delivered new to Kroymans BV in Holland.

It was raced in period by Patrick Huisman and David Hart on various circuits throughout Europe.

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