Sunday, March 2, 2014
Life - and money - is better in a classic
At the HAGERTY web pages - see my former blog - I learned, that the auction price of the unique and extremely rare 1966-1967 Ferrari 365 California Spyder, designed by Tom Tjaarda, moved up exceptionally in the last 7 to 8 years. Just have a look at its spectacular rise HERE and HERE.
To be exact: it quadrupled in a period of 7 years !
On Hagerty's web pages you'll find valuation tools which are designed to empower enthusiasts who are buying, selling, or simply becoming familiar with a classic.
They provide vital details on a vehicle’s value in a variety of formats, and strive to deliver a meaningful visual representation of not only a car’s present value, but how it has performed in the past and where it might be headed in the future.
They do this all in an effort to make you a smarter enthusiast, and they strongly believe that greater information and transparency in the marketplace lead to more satisfied owners and a healthier hobby overall.
The editorialization of their pricing data is conducted by a host of contributors, but it is all filtered through independent appraiser and senior ASA member David H. Kinney.
Kinney is a renowned market expert who writes regular columns for AUTOMOBILE, AutoWeek, Hagerty, and Octane magazines, and contributes to the New York Times.
He is deeply involved in the hobby, judging at events, attending dozens of auctions annually, routinely buying and selling cars, and appraising hundreds of vehicles per year. The prices reported on Hagerty's valuation tools are the product of Kinney’s market expertise.
Posted by Anthony