Mar­ket view

Classic Car Weekly (UK) - - This Week - by Richard Bar­nett

What’s more im­por­tant: the plea­sure you get from driv­ing your clas­sic or the plea­sure you get from its in­crease in value?

This hobby wasn’t built on how much a car would ap­pre­ci­ate. In many cases those post-war en­thu­si­asts pick­ing up bomb-site Austin 7s, Rolls-Royces and even the oc­ca­sional Bu­gatti didn’t do it to make money – they bought the cars be­cause they liked them.

Then there was the spike in in­ter­est in 1950s Amer­i­can cars in the mid-1970s – again, not bought be­cause peo­ple thought it was bet­ter than money in the bank – far from it in many cases.

I’m not es­pe­cially keen on in­vestors crowd­ing out the real en­thu­si­asts, and some­times cringe when I hear peo­ple talk­ing about in­creas­ing val­ues. Ask the for­mer what their clas­sic’s like to drive or

‘This hobby wasn’t built on how much a car would ap­pre­ci­ate’

what mods they’d add to im­prove it, and they prob­a­bly will look at you in slack-jawed amaze­ment.

Clas­sics should be about en­joy­ment – that means driv­ing them, not leav­ing them in a garage in a bid to es­ca­late their value.

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