Brian Barso
Business Consultant in the United Kingdom
A recent report from estate agent Frank Knight showed that the value of the entire classic car market has more than quadrupled in the past ten years, with average values rising by 430% in the ten year period ending in June 2013. Over the same time period, the FTSE 100 index grew in value by just 55%. Classic cars have increased in value more than any other investment, including central London property, gold, wine and stamps. Investment in the right classic cars can make their owners a small fortune provided the cars are chosen wisely. Demand for classic cars remains high as enthusiasts continue to purchase for the joy of ownership rather than profitability and investors like to have tangible assets.
Investing in a classic car collection which will appreciate in value requires a certain amount of insider knowledge. For the classic car enthusiast this knowledge can be gleaned through hours and hours of research, joining owner’s clubs, reading trade publications and conversing with other enthusiasts. For investors, services such as Bespoke Classic Car Collections, a company owned and managed by Brian Barso, take the hard work and effort out of creating a classic car collection. Brian Barso specialises in travelling the globe to seek out appropriate classic cars for private high net worth investors looking to form a collection of tangible assets which are liable to appreciate in value. Through a combination of auctions and private sales coupled with extensive research into the history of car makes and models and their value trends, Brian Barso is able to create collections of classic cars for investors which are not only great fun to own and a status symbol in themselves, but are also likely to create profits for the investor in a relatively short space of time.
Cars such as the Ferrari 250 GTO, of which there were only thirty-six produced, are now literally worth more than their weight in gold. One of the 880kg cars smashed records last summer when sold at auction for a reputed £32 million, or $52 million, beating the previous record for this model of $35 million the previous year. A purchase of 880kg of gold would today cost around $37.8 million. A 1969 Porsche 911 owner would find that their mint condition car had doubled in value over just the past two years, while the Mercedes 3