Cathedral Classics an English-German point of view from Stewart
A few months ago a German colleague suggested that I should write a blog and offer a combined English-German classic point of view, however, I certainly didn’t think I would be putting my thoughts down under such strange circumstances. So here goes, but first and foremost, I implore everyone to apply common sense in these trying times and please adhere to the Government guidelines, and most importantly, stay safe in the coming weeks and months ahead.
Prior to the chaos, it was interesting to see what was actually selling thus far this year. For those of you who managed to attend the Bremen and Stuttgart classic shows, it was quite clear that the €20 - €50k category was doing particularly well. This year I’ve seen a new wave of customers appear, specifically asking for this kind of investment with zero-to little financial risk and a bit of fun thrown in for good measure. Equally, I’ve also monitored a new wave of cars revealing themselves; low mileage 1990’s Jaguar, BMW and Mercedes offer incredible value for money, and can surely only increase in value. I recently attended Historics Auction in England held at the amazing setting of Ascot Race Course. As ever, it was impeccably organised and offered a wide range of cars from under £10k up to £250k plus, but from the approximately 65% cars sold, it was clear the vast majority were in the above mentioned price category. Aston Martin in particular are looking very inexpensive these days.
Going forward, Cathedral Classics remains open and operational with a strict hygiene policy, operating in line with Government guidelines. So for those of you who were looking to purchase cars at the Essen Techno Classica (postponed until June), now might be the right time to re-visit your local classic dealer and obtain a bargain – or two!
In the meantime, why not get your classic car out over the coming days and do some self-isolation behind the wheel - before it’s forbidden!
Stay safe everyone.