Collector Vehicles a Good Investment

Concours d'Elegance is a just over month away so now is the perfect time to consider purchasing a collector vehicle as an investment.

Concours d’Elegance is a just over month away so now is the perfect time to consider purchasing a collector vehicle as an investment. According to Hagerty, an insurance company that specializes in “Protecting the World’s Finest Collections”, their Cars that Matter Blue Chip Index indicates “over the past three years, the price of 25 of the most sought after collector vehicles outperformed real estate, the stock market – even gold”.

The 15th Annual Amelia Island Concours d’Elegance will be held at the Ritz-Carlton and the Golf Club of Amelia Island at Summer Beach on March 12 – 14, 2010. Richard Petty is the Concours Honoree who will be featured in The Three Greats, a discussion led by Petty, Don “Big Daddy” Garlits and Sir Stirling Moss. Other seminars include an Automotive Design Seminar and a Porsche 917 Seminar. The Concours d’Elegance is open to the public and tickets are $45.00 for adults and $20.00 for students, but the individual events, auctions and seminars will set you back an additional $20.00 to $275.00.

If you are planning to invest in one of these beautiful vehicles you will want to attend the auctions. Gooding & Company (www.goodingco.com), known for successful auctions in Pebble Beach, California and Scottsdale, Arizona, will be conducting their first Amelia Island Auction at the Amelia Island Plantation. The preview is from 9:00 AM to 6:00 PM on Thursday, March 11th, and from 9:00 AM to 5:00 PM on Friday, March 12th with the sale starting at 5:00 PM. More than 75 cars are epected at this one-day auction and the cost to attend is $75.00 for an auction catalog (admits two) or $30.00 per person at the door.

Gooding’s Star Cars include a 1931 Voisin C20 V12 “Mylord” Demi-Berline, estimated at over $2m (pictured above) and a 1937 Peugeot Darl’Mat Roadster with a Gooding estimated price of $200,000 to $300,000.

If you don’t find what you are looking for at that auction, RM Auctions (www.rmauctions.com)is the official auction house of the Amelia Island Concours d’Elegance. They are returning for their 12th event and are expecting about 100 cars to cross their auction block, including a 1967 Ferrari 275 GTB/4 Alloy Berlinetta (estimated $1.35 – $1.75m) and a 1964 Pontiac Banshee Coupe (estimated $450,000 to $650,000). The preview of their auction is from 9:00 AM to 6:00 PM, March 11 through March 13, and the auction is on March 13th from 11:00 AM to 6:00 PM at the Ritz Carlton, Amelia Island. They are holding a Gala Reception by invitation only and the auction catalog admits two for $100.00.

If you are considering precious metals as an investment, attending the Amelia Island Concours d’Elegance may be the most entertaining, educational research you could consider for your financial future.