Classic Cars

Non-cash-flowingWeeks liquidityQuarterly refresh5 factors

Overview

Classic and collector car valuation requires knowledge of condition standards and market dynamics. The range between a project car and a concours example can span an order of magnitude in value.

"Matching numbers" verification—confirming original engine and transmission—is fundamental to collector car authenticity. Mileage verification and provenance (ownership history) can also significantly impact value.

Our approach leverages auction results from major houses (RM Sotheby's, Bonhams, Bring a Trailer), supplemented by Hagerty valuations and dealer pricing.

Valuation Factors

5 factors
1

Vehicle Type

Categorizes the vehicle to determine valuation approach: new production uses MSRP, unique specimens use sale price, collectors need condition adjustments.

2

Condition

Physical and mechanical condition following the Hagerty/CCCA scale. This is the primary value driver for collector cars.

3

Matching Numbers

Verifies whether original drivetrain components match factory records. Critical for collector car authenticity.

4

Mileage

Odometer reading relative to typical mileage for age. Very low documented miles command significant premiums.

5

Provenance

Ownership history including notable collectors, racing history, or celebrity connections. Rare but can dramatically increase value.

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