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-- well if you're looking went out there -- have a they sent money why not -- -- classic car we have an expert there are not a lot of Steve Linden in the workload with -- -- -- joining us now.
I'd say you are vintage vehicle expert yes I look praise you inspect.
And you say forget stats forget -- in the classic cars.
Yes I do classic cars have been outperforming the stock market the bond market and they've just been rallying better than anything else right now.
I bet it won't where we begin with this with this market who -- in it what kind of classic cars you want to buy -- difference.
Well if you're looking at it strictly from -- investment perspective -- who's in it our investors speculators just like any other market and if it.
Funnels down trickles down to collectors and hobbyists so everybody is fine classic cars and more than ever before -- -- nice paychecks or -- money are all sorts.
All sorts of people the investors are the ones with nice paychecks in the -- -- the ones with -- money.
So sounds -- its next.
From an investment for the rich person's market and we're seeing car itself for a million to up to thirty million dollars lately.
If you have a nice tend to -- you wanted to us to bite and nice cop who is cut.
-- -- there are certain tapes are friends are models or years they give you a better return.
If you're using the word return the -- by definition and invest there and yes right now on nineteen.
Fifties early 1960s European cars are hot they probably appreciated for 51960s.
But could be Ferrari could be a portion.
Some -- -- -- may o's mother -- is Lamborghini is those types of caused the very early ones heaviest fine.
That's the tough part.
The -- days -- Barnes finds are over you go to the major auctions some of -- traded and privately.
But you you have to do your homework you see where they're gonna come up for sale and you you go predominantly to the auctions -- any adoptions are at beyond.
The concorde the Smart -- -- more of a show hum there's basically two major.
There's many major auctions has two basic major venues for -- one just took place on Monterey and and one takes place in January -- Scottsdale Arizona -- and that's pretty much with the markets -- set for the coming year.
-- surprised us.
Not a lot they always have quite a few coming and going but just two of my -- And -- how to fix them yourself I knew I started when I was a little -- fixing them ever -- so it's just a lifelong interest it is it's it's a passion and it's my form of therapy.
-- this year your only job or did you redo something else and just happens to -- on the side and figure out that it.
You're good at it and it consisting as -- -- end up I have.
Always done this but.
Not always full time in the enter.
When I got out of school I was in the printing business for many years but I've always had my fears of classic cars and this has -- my my vocation for many many years.
If you -- any classic car in the world what would be.
This goes back to when I was a kid it would be a jaguar X -- -- stuff.
-- bank has been and still is my favorite Clinton voted to -- here on that 1961 to 1974.
And me personally if I had my choice they pick a 66 -- 67 lap so they're beautiful -- and what is.
What is the most coveted.
What car -- side -- making giant dropped and today.
I -- that.
Have to get that and it is well hair that's that's a couple of different question the only one that would.
Make my jaw drop would be any of the mid fifties to very early 1960s Ferrari's.
Really only because the price the escalation and values they've gone from.
From 100000 dollar cars to multi million dollar -- over the past few years.
You know that's a great question I think it just has to do with the fact that people have discovered that they were built in such limited numbers.
With cars of that genre -- -- is everything.
And those who would have known as and -- -- -- Ferrari's when mr.
Ferrari himself was still designing the cars and they're rare of course mom most of them -- very good condition and that they have this probe -- they have this this bullet -- history.
Is blocking on the upper west side of my father who likes classic cars and he's -- it.
In the past with a couple.
And we see parked on the street which annoys me I would I would remember car and -- I don't know Helen you know -- new light blue.
With the navy top okay this gorgeous right so we were thinking and I -- hadn't looked this up.
-- this making -- romance they are.
So yes but there is something on a couple years ago with a brand.
There was they were imported into this country through through sidelines for lack of a better word but -- -- for I don't to best mine all don't think they ever stop producing cars -- -- -- -- -- -- it.
If you're in the market for a new luxury car -- is -- wait -- to tailor your -- saying no it's going to be a classic.
Down the line.
In my opinion no new luxury car.
Will ever be a classic car and -- that.
Because they're just made in two large numbers there's one or two exceptions.
-- -- he made a very on they were on it's it's well over a million dollars now but they they made literally a handful of them and people knew when they bought them that they were classic cars you had to pay a lot of money to get them but I'm going to -- known by something you think is going to be classic car I think you're better off putting money in the bank.
And my my last question Steve.
She talked to executives at hand -- cries.
Not at GM Ford and Chrysler but I do talk to executives all the time who were looking to build classic car collection as part of that portfolio.
And that's -- -- -- classic let's and it's.
And I would have to be Leno.
The gap now.
The less than I was there at a 180 cars at his wedding card what -- they weren't total aggregate we you know I have absolutely no idea his own most of them along time -- a collector is not an investor.
Right so -- with the skies.
He personally he drives all of them that almost all of them yes and where does he keep them he has not really sure on liberty to say.
-- -- -- -- Yeah but there in California I am just trying to paint and you could run -- -- how it's an alternate tires you need an airplane hangar for something like that yes you know.
Unbelievable you'll see Monday with -- -- dot com's thank you so much for sharing all that and fielding my pretty juvenile questions from -- my pleasure thank you.
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