Collecting classic cars may only be the fifth most popular hobby for high net worth individuals, but they are the “best performing investment class” of the past ten years, according to the 2018 Global Wealth Migration Report from New World Wealth.
The report estimates that global HNWIs held US$5 billion worth of classic cars at the end of 2017. According to New World Wealth’s in-house indices, average classic car prices rose by a strong 160 percent over the past 10 years – which leads it to make its “best performing” claim.
The report suggests that the most popular classic ...
Global wealthy hold 'only' $5bn in classic cars - decade's best performing investment class
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