The IGA Automobile Fund
The IGA Automobile Fund is an investment group which will purchase a selection of some of the world’s most desirable and rare classic cars and later sell them for capital gain. It is the first fund in the world to target the collector car market for financial returns only.
Over the past 20 years, the classic car market has been growing rapidly with annual auction sales rising from $30 million in 1994 to $422 million in 2009.
The fund aims to raise $50m, with a minimum investment of $500,000, and use this money to buy rare collector cars which will eventually be sold for a profit which will be shared out between investors.
The IGA Automobile Fund has drawn up a list of 25 target cars they wish to buy, which industry experts predict will greatly appreciate in value over the coming years. Target cars include the 1961 Ferrari 250 GT California Spyder and the 1957 Ferrari 250 Testa Rossa.
Founders and board
The IGA Automobile Fund benefits from the management of industry professionals and experts.
The fund was founded by Ray Bellm and Grant Thomas.
Bellm, winner of 3 World Sportscar Championships, was formerly the CEO of International Laboratories and Chairman of the British Racing Drivers Club.
The Technical Director of the fund is Paul Lanzante who has previously worked for the Tyrrell Forumla 1 team, crewing Patrick Dapiller’s car. He now provides technical services for classic car collectors.
Nick Mason, drummer of Pink Floyd, is a member of the Fund’s advisory board. Mason is a known collector car enthusiast and has participated in motorsport since 1973, including completing the LeMans 24 Hour race several times. He is also the president of the Guild of Motoring Writers.
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