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Tuesday, 3 January 2012

looking for a 250k EUR car?

My first post in English is dedicated to a friend of mine, a wealth management advisor who has been luckily instructed to look for a "rare and powerful sport coupe from the 50s / 60s" for a client of his Firm. Budget? quite an incredible range at least for my pockets, merely "fair enough" for my dreams: 250-400k USD.

Well, he reached out to me knowing I am a passionate and a little collector, looking for any tips to start the research. How cool is his job? I started elaborating some thoughts on this & I am reporting them below for you. Enjoy, and feel free to disagree or challenge my conclusions :-).

First of all, I think the choice should be really linked to the style and taste of the buyer. I had no other indications than the ones relating to the budget, which sounds extremely weird to me, having to deal with with a collector ready to put 400 k USD on the table. So, first of all, I would determine what kind of car the investor wants: a car to shock others? a fast vehicle? a car good as an investment, and so on and so forth.

Anyway, in my opinion a good investment around that quotation should be undoubtedly a car eligible to the 1000 Miglia and the other most important races in the world: then, you shouldn't be looking around for a car manufactured after 1957.

If you want to stay on a rare (one-off!) Ferrari, there is an interesting Scaglietti advertised on a French site:

An absolute find and a super investment, maybe slightly above the said budget would be a Bizzarrini 5300 GT Strada.

Or, "Powerful" cars may stand for "track/racing" cars, then some ex-works would really make the difference to surprise external observer: think about a Lancia 037 or a Stratos then around the price you mention.

Back to my passion - Her Royal Majesty cars - an evergreen, good for investment and - despite the average price - an "entry level" car (as it is not super rare) for those rich collectors who want to get closer to this world, is an Aston Martin from the DB series, likely a 2/4 as it is a pure icon. Talking about british Icons, a Jag e-Type lightweight may cost less than the given budget, it's rare and extremely powerful and pleasant to drive. As investment, and as an absolute piece of art and design, would be an Healey Silverstone (fits budegt and description: late 40s, fast, luxurious, rare, charming).

For that price, if one is not looking for a single investment, there could be a good chance to think about building up a little collection of rare, stilish, and surprisingly funny cars. Among Italian cars, I would go for a  Lancia Flaminia Zagato (around 80k), an Aurelia B20 GT (good for the Mille Miglia if pre-'57, same price) and I would spice it up with a British touch: an iconinc e-Type or a Jag XK120 OTS. I am sure I would then stuck in the GB for a Lotus Elite S1 (60k Eur), a TVR Griffith (80k Eur), a Lotus 11, 15 or 23 (each and every one of them around 100k EUR. 

So, folks: if you are hanging around, desperately looking to spend a couple of hundred thousands dollars (or other currency of your choice), enjoy your research, I would love to be crowling around for a similar task! (or even be the buyer: unlikely to happen :-)

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