COVID-19: STOCK MARKET CRASHES AS SAFE-HAVEN ASSETS, VINTAGE CARS, GOLD AND WATCHES RISE IN VALUE
The object of desire, vintage cars are also an excellent financial investment in times of crisis.
Once again the stock exchange betrays,the banks give little certainty and push investors to focus on safe- haven assets. In this crisis situation,many investors withdraw from financial investments which have marked a negative bouble- digit loss and invest in gold safe haven goods,watches and vintage cars. The latest auction, Aguttes, held in France on March 15, 2020 witnessed the safe of 97 lots out of 122, including 39 cars.
The most important sale concerned a Biscione car, specifically an Alfa Romeo SZ Coda Tronca 1962 at 670.380,00 Euro always made in Italy Fiat 2400 Coupè 1972 beaten beyond the estimate at 45.824.00 Euro also German coupè, a Porsche 356 SC 1600 1964 82.900,00 Euro. Interesting sale also for a Delage D8/15 Berline sans Montant central 1934 beaten near the maximum estimate price 88.800,00 Euro.
VINTAGE CARS PASSIONATE
Their value comes from their own historicity from having participated in the most important races in the history of the sports cars such as the Mille Miglia, the Targa Florio, the Competitions of Elegance, the 24 Hours of Le Mans. The authenticity of the car or the perfect restoration and in order,the brand and rarity increase its price which in international auctions can reach dizzying figures. It is not the only market evaluation, however tempting, that decides the enthusiast or the collector to buy a classic car. He knows it is also a questionof image. Never as today is it important to stand out in the social circle both because you are more individualistic than before and because you want to stay out of collective choices.
Does the car make man? Certainly not, however, reveals its status and its style.
A historic car is a niche object. An object that can be loved and even envied because it is no longer produced; sometimes it is extremely rare and it is no longer produced; sometimes it is extremely rare and it is this exclusivity that makes it desirable.
Vintage cars have a history and a particular charm,which is perceived by those who are sensitive to the curved line and find it physiological and natural;then there are those who prefer geometry and here you can choose a body with an agressive angular profile with rigid or broken lines, and one of the most famous body builders in the world comes to mind, Zagato. The metallic material of a beautiful sportive machine is visually a flow of lines that shape a shape as an organic whole for the coherence of its parts. The quality of this aesthetic- visual unity sxpresses its vision and power. Through the technical-artistic drawings we observe the most refined graphic representations created by car designers. Designers and model markers have turned from engineers into artists.
In conclusion, a vintage car is much more than an automobile. By its very definition, it has the patina of nostalgia for a time that has often been legendary and those who are lucky enoughand pass it on.
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