Why Do We Do It??

 

B-J Mini-Index Shows High Return for Collector Cars Scottsdale, AZ, October 13, 2008 –- Turns out the guy driving that 1967 Shelby GT500 as an enthusiast has the side benefit of being a smart investor. The worlds leading car collecting house (Barrett -Jackson), reported that many of the top cars sold have performed better in value than the stock market and gold over the last 10 years.

“Though most people buy a collector car to enjoy, they have also proven to be one of the soundest investment vehicles in the global marketplace over the past 10 years,” said the chairman and CEO of one of the most successful classic car auctioneer company in the world “ It’s rare that a hobby and someone’s passion has the potential of being a great investment.”

The BJ mini-index was created in 2003 and consists of representative cars that reflect the diversity seen in the collector car market. These cars span from 1957 to 1970 and are primarily European and American sports cars and U.S. muscle cars. The cars used in the index are the 1957 Thunderbird, 1967 Jaguar XKE, 1967 Shelby GT500, 1970 Camaro Z/28, 1970 AAR ‘Cuda, 1965 Austin Healy MK III and a 1967 Corvette 427/435.

According to the data released today, the value of the cars in the Barrett-Jackson mini-index grew by a compounded annual growth rate of 16 percent from Q1 1998 to Q1 2008, which included economic and political upheaval stemming from major events ranging from the Invasion of Iraq, the Dot Com bubble crash, and 9/11. During that same period, the Dow Jones Industrial Average (DJIA) grew a compounded 5 percent annually while the S&P 500 Index grew 4 percent. The price of gold grew a compounded 11 percent in the same period.