Comparing the classic car and art markets

When there is talk about classic cars, they are sometimes compared with art – this usually happens in two ways. Owners or enthusiasts say, for example, that a certain car has a very nice body or other aesthetic quality, and that they consider it as a work of art. Others, such as professionals in financial sectors, also make the comparison. In financial publications, classic cars are often discussed in relation to art in a very different way. Then one looks at the returns on investment, as cars are mentioned in the same breath as fine art, antique furniture, wine, whiskey or watches. Looking at the data alone, one comes to the conclusion that the yields on cars were higher from the year 2000 up to 2015 than on the other asset types. Looking at the returns on invested capital, this is a very different view of the comparison between art and cars.

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1963 Aston Martin DP215, auctioned by RM Sotheby’s in August 2018 for over $ 21 million, photo RM Sotheby’s – Simon Clay

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