{"id":236097,"date":"2018-04-08T07:00:22","date_gmt":"2018-04-08T05:00:22","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=236097"},"modified":"2018-04-06T17:21:44","modified_gmt":"2018-04-06T15:21:44","slug":"these-are-the-classic-cars-south-africas-millionaires-want-in-their-garages","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/motoring\/236097\/these-are-the-classic-cars-south-africas-millionaires-want-in-their-garages\/","title":{"rendered":"These are the classic cars South Africa’s millionaires want in their garages"},"content":{"rendered":"

Classic cars were the best-performing asset classes over the past decade, a new report by New World Wealth shows – and South Africa’s super wealthy are getting in on the gains.<\/p>\n

New World Wealth has published its 2018 South African Wealth Report, showing exactly how the country’s richest people are investing and spending their money.<\/p>\n

The group looked specifically at investment avenues being taken in South Africa, highlighting the best and worst-performing asset classes over the last 10 years – with classic cars being the stand-out investment.<\/p>\n

Collectables like classic cars are a growing segment in the country, NWW said, as they form part of the category of luxury items that hold their value reasonably well over time.<\/p>\n

Other prominent examples of this include: art, fine wine and stamps. Collectables do not include yachts, private jets and new cars, however, as these items are unlikely to hold their value.<\/p>\n

According to NWW, the global classic car market is valued at around $5 billion, with the group’s in-house indices showing that classic car prices have risen by a strong 160% over the past 10 years (in US$ terms), making it the best-performing investment class for wealthy people globally.<\/p>\n

Wealthy car lovers in South Africa are also in on the action, often taking part in local classic car auctions in Johannesburg, Cape Town and Knysna on a regular basis, the group said.<\/p>\n

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These are the most popular classic cars for SA millionaires:<\/p>\n

Porsche 911 (1960s) – $130,000<\/strong><\/p>\n

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Ferrari Dino (1970s) – $260,000<\/strong><\/p>\n

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Jaguar E Type (1960s) – $300,000<\/strong><\/p>\n

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Lamborghini Countach (1980s) – $500,000<\/strong><\/p>\n

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Lamborghini Miura (1970s) – $800,000<\/strong><\/p>\n

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Ferrari F40 (1990s) – $1,000,000<\/strong><\/p>\n

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Aston Martin DB5 (1960s) – $1,100,000<\/strong><\/p>\n

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Aston Martin DB4 (1950s) – $1,400,000<\/strong><\/p>\n

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Porsche 959 (1980s) – $1,500,000<\/strong><\/p>\n

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Mercedes Gullwing 300SL (1950s) – $1,800,000<\/strong><\/p>\n

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Porsche 550 Spyder (1950s) – $2,000,000<\/strong><\/p>\n

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McLaren F1 (1990s) – $8,000,000<\/strong><\/p>\n

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Ferrari 166 Barchetta (1950s) – $9,000,000<\/strong><\/p>\n

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Porsche 917 (1970s) – $10,000,000<\/strong><\/p>\n

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Bugatti Type 41 Royale (1930s) – $16,000,000<\/strong><\/p>\n

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Ferrari 250 Testa Rossa (1950s) – $18,000,000<\/strong><\/p>\n

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Ferrari 250 GT California Spider (1960s) – $20,000,000<\/strong><\/p>\n

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Ferrari 250 GTO (1960s) – $24,000,000<\/strong><\/p>\n

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Read:\u00a0These are South Africa\u2019s 10 best-selling cars right now \u2013 and how much they cost<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Classic cars were the best-performing asset classes over the past decade, a new report by New World Wealth shows – and South Africa’s super wealthy are getting in on the gains.<\/p>\n","protected":false},"author":10,"featured_media":173237,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11119],"tags":[],"class_list":["post-236097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-motoring"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/236097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=236097"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/236097\/revisions"}],"predecessor-version":[{"id":236143,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/236097\/revisions\/236143"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/173237"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=236097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=236097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=236097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}