Classic Cars: Pleasure, Passion and Profit



2015-06-26 11:43:22

Classic Cars: Pleasure, Passion and Profit

Here's a video report looking at opportunities and pitfalls for investors in the classic cars market

In May 2009, the highest price ever reached at auction for a classic car was achieved by a 1957 Ferrari Testa Rossa, bringing an incredible $12.2m.

A staggering amount, for sure. But can classic cars really make you money? That is the questionasked in the abovevideo report by the leading news network CNBC.

The video investigates the treasures that are on offer to today's classic car collector, and how you can avoid getting lumped with an 'old banger'.

Two cars familiar to Paul Fraser Collectibles make an appearance: the 1950 Aston Martin DB2 Team Carwhich sold for a record 550k last month and the 430k Mercedes CLK GTR.

Includinginterviews with Hardy Singh Sohanpal, co-founder of the Historic Auto Group, and other experts,the videofeaturesanin-depth discussion on how classic carscompare to other investment classes.

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