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Correlation Between Classic Car Prices and Financial Markets
We've noted in the Classic Cars discussions that the market for ordinary collector cars has weakened, while prices for well kept, rare classics, especially the luxury and super high end ones, have held up well. Will the declines in the housing and equity markets spread to high priced classics? The fact that they represent an asset class, like art or coins, leads me to believe that there will be a spill over, but I'm not an expert on classic car market cycles. What are your thoughts on this?