How Bitcoin And Classic Cars Make Investors Multi-millionaires

Classic cars and Bitcoins are hard to compare. But they have a couple of things in common: They are both scarce, and very much sought by a crowd of enthusiasts and adventurous investors.

When taken together, scarcity and enthusiasm can deliver astronomical returns over time.

Here are a few statistics compiled by MoneySuperMarket that confirm the relationship between scarcity and investor returns on classic cars:

1. Ferrari 250 GTO – Built in 1962, only 36 were made. This one, made specifically for Formula One racer Sir Stirling Moss, sold for a stunning $38,115,000 in 2012.
   

2. Mercedes Benz W196 – A former Formula One frequenter, the 1954 W196 won 9 of the 12 races it entered, and justly earned its seller $29,600,000 in 2013.
   

3. Jaguar D-Type – A conqueror of Le Mans in 1955, 56, and 57, the Jaguar D-Type would be hard to miss even without the eye-watering price tag of $21,780,000, recorded at auction in August 2016.
   

Apparently, all three classic cars made their early owners multi-millionaires.

“Car collecting is a strong industry - both for enthusiasts and for those looking to make a smart investment,” said a MoneySupermarket.com spokesperson. “Keeping track of which cars sell for the most year-by-year is a great way for both sides to make sure they come away from auctions satisfied - and for car lovers to keep an eye on their dream cars!”

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