Aurelien Fleurot
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07:27, February 02, 2023
If the 2CV is indeed the star of vintage cars, it will not be the only one present for the Retromobile show, which took place this Wednesday at the Porte de Versailles in Paris. The market has its own show because, beyond attracting the curious and lovers of automotive history, for some time now it has also been attracting investors. This is also the case of Daniel, met by Europe 1 in the aisles of the show.
A safe investment
He stayed for long minutes to scrutinize this car, to inquire. In front of him, a 1934 Delage Cabriolet Chapron. After a few minutes of reflection, the collector may have found his future investment. “What I’m looking for above all are models that are rare to hope for added value later. Like an investment,” he explains frankly.
A rare pearl which still has a cost of 265,000 euros. But according to the expert Franco Lembo, little risk of devaluation, this type of property will continue to appreciate. “I have a lot of Porsches and some of these Porsches today have multiplied their prices by 20 in just ten years. Besides, for some iconic Ferraris, it’s a bit the same situation, he guarantees.
More and more inaccessible cars
An inflation of old cars to the chagrin of Jean-Marc, an enthusiast delighted to be at Retromobile but bitter about the evolution of the market. “At one time, we dreamed of that. But when we see the prices exploding, we say to ourselves that it is more and more inaccessible. They have become financial investments while we, true enthusiasts, we no longer have right only to look at it”, he is saddened.
This 2023 edition should also break auction records, with a highly anticipated sale this Friday at Artcurial: a Ferrari 250 LM which could reach 25 million euros.
Source: Europe1
I am a journalist who writes about economics and business. I have worked in the news industry for over 5 years, most recently as an author at Global Happenings. My work has focused on covering the economy news, and I have written extensively on topics such as unemployment rates, housing prices, and the financial crisis. I am also an avid reader and have been known to write about books that interest me.
