Classic cars are the second-best investment, after jewellery | Top Gear
BBC TopGear
BBC TopGear
Subscribe to Top Gear magazine
Sign up to our Top Gear Magazine
Sunday 1st October

Classic cars are the second-best investment, after jewellery

Shares, shmares… you can’t admire a stock portfolio

Published: 11 Nov 2017

If you’re anything like us, you spend a large (some might say unhealthy) amount of time on car auction websites, hunting for forgotten gems that haven’t taken a leaf from the classic Porsche handbook and skyrocketed in value. 

Well, not to be enablers or anything, but we have some excellent news: it appears that you can financially justify filling your garage with a carefully curated menagerie of classic metal. Yep – they’re an investment. In fact, second only to jewellery (which we presume includes watches), cars are the best-appreciating investments you can make these days, according to industry specialists from global art insurers, AXA Art.

Advertisement - Page continues below

Of course, if you’ve seen the values of E-Types, classic 911s and Italian classics, this may not be entirely surprising. But in a world where traditional markets are more unsettled than ever, due to shifting socioeconomic and political landscapes, there’s safety in tangible commodities. Put simply, if you invest well in art, jewellery, watches, original pressings of The White Album or anything of the sort – and, crucially, keep it original and in good nick – you’re on to a winner. 

So, this is great news if you want to make money (and who doesn’t?), but it’s worse if you’re keen on enjoying your classic car as anything more than a well-shaped meal ticket. Our suggestion? Before it’s too late, get your classic car fix with something clean, mostly original and a little left-field. That way you’ll be able to enjoy it for what it is, unburdened by the overwhelming solicitude that comes with something excessively valuable and rare. And who knows? By the time it comes to sell, you might have earned yourself a small consideration for the time and effort it takes to be the caretaker of a forgotten classic. And if not, you’ll at least have enjoyed yourself, and preserved something special that might have otherwise been forgotten. 

We’re feeling so warm and fuzzy right now, you could use us as a coat. But we’d prefer if you didn’t; it’d be hell to explain to the missus.

Advertisement - Page continues below

Top Gear

Get all the latest news, reviews and exclusives, direct to your inbox.

More from Top Gear

See more on News

Promoted Content

Subscribe to the Top Gear Newsletter

Get all the latest news, reviews and exclusives, direct to your inbox.

By clicking subscribe, you agree to receive news, promotions and offers by email from Top Gear and BBC Studios. Your information will be used in accordance with our privacy policy.

BBC TopGear

Try BBC Top Gear Magazine

Get your first 5 issues for £5