What is a Collectible Car?
The collectible car market is fueled by rarity. “It is about the number of cars made and options, such as power steering, brakes and windows,” says Denny Terzich, founder of ProRides and former portfolio manager at the Collectible Car Investment Group.
Collectibles are not just limited to American cars--foreign vehicles, such as the Ferrari 250 GTO, of which only 39 were made between 1962 and 1964, make up the higher end of the market.
“One-offs, or custom coach built vehicles, will always command a good selling price because there literally is nothing else like them in the world,” says Craig Jackson, chairman and CEO of Barrett-Jackson, a collector car auction house.