What The Heck's Going On With Vintage Automobiles?
Authored by Wolf Richter via WolfStreet.com,
The fate of asset bubbles under the new regime.
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Hagerty Market
What the Heck’s Going On with Classic Cars?
By Wolf Richter, originally published on WOLFSTREET.com
Prices of collector cars fell again, according to the April report by Hagerty, which specializes in insuring vintage automobiles. After a tremendous price surge that peaked in 2015, they’ve been ratcheting their way down ever so slowly. But it adds up after a while.