Arab Today, arab today ferrari gto or a mutual fund pick the gto
Last Updated : GMT 23:25:36
Arab Today, arab today
Arab Today, arab today

Ferrari GTO or a mutual fund Pick the GTO

Arab Today, arab today

Arab Today, arab today Ferrari GTO or a mutual fund Pick the GTO

London - Arabstoday

As the Dow Jones Industrial Average has been riding high above the 13,000 mark recently, many folks have once again been feeling good about their investments. And even though the stock market has been doing well, a panel of experts gathered at the Amelia Island Concours d\'Elegance pointed out some cars that, from an investment standpoint, will outperform even your high-flying Apple stock. The panel was convened by Hagerty Insurance and included Ferrari restorer and historian Michael Sheehan, Shelby expert Colin Comer, and Hagerty Price Guide publisher and Autoweek contributor Dave Kinney. McKeel Hagerty, CEO of the insurance company bearing his name, moderated the discussion. The panel members limited their discussion to three types of cars--Enzo-era Ferraris, Shelby Cobras and Mercedes-Benz Gullwings--and for most, the entry price to join the club would only be possible if the Powerball numbers line up properly. But it\'s nice to dream. Examples of all three cars were on the show field at the concours. \"There are many factors that can make a classic car desirable in select markets. However, what gives an elite group of classic cars absolute global appeal is their ability to speak to all the factors,\" Hagerty said. \"For example, they were headliners and race winners when new, had low production numbers, are currently eligible for the world\'s most famous vintage road rallies and exhibit timeless design that has influenced future generations of automotive design.\" Only 39 Ferrari GTOs were produced between 1962 and 1964 and now sell for $30 million-plus, putting them among the most expensive cars in the world. During the last five years, Hagerty says the market value of GTOs has increased by more than 100 percent, outperforming most standard indexes except for gold. Ferrari collectors consider the 250 GTO the Holy Grail because the car looks and performs flawlessly and it has a strong competition history. Only six examples of the Shelby Daytona Cobra were produced by Carroll Shelby, and all still exist. The car is valued now in the $10 million range. \"This is the American version of the Ferrari GTO and serves as the final iteration of the Cobra series,\" Comer said. \"All Cobras in general are comparatively easy to restore, and examples with the original drivetrain can make as much as a 30 percent difference in value.\" The Mercedes-Benz 300SL Gullwing is the bargain of the group, with an alloy-bodied car recently selling for $3.5 million. Many classic-car experts argue that the 300SL Gullwing has the most universal global appeal and is considered a staple in large, diverse car collections. \"The Gullwing had excellent build quality when new. Just about every part is still available through Mercedes, and they are very forgiving to drive,\" Kinney said. \"This is the ultimate blue chip classic that has a market on every continent outside of Antarctica.\" The panelists made a point to remind the audience that there is no question that certain cars hold their value and can be safe forms of tangible investments. But they also cautioned that car enthusiasts and investors should always buy classic cars for enjoyment first and consider the value increases as a secondary benefit. \"At the end of the day, you can\'t take your stock portfolio out for a nice weekend cruise like you can in your classic car,\" Hagerty concluded.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ferrari gto or a mutual fund pick the gto Arab Today, arab today ferrari gto or a mutual fund pick the gto

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 22:05 2017 Wednesday ,22 February

RTA completes Phase I of smart parking project

GMT 01:06 2017 Monday ,20 February

Dubai set to be leader in driverless mobility by 2030

GMT 00:36 2017 Monday ,20 February

Abu Dhabi merges key parking sectors

GMT 11:19 2017 Sunday ,19 February

Syrian Khallouf Trading Company launches two new cars

GMT 10:37 2017 Thursday ,16 February

Motorsport fans encouraged to buy GP tickets

GMT 13:21 2017 Wednesday ,15 February

200 Teslas to join Dubai Taxi fleet

GMT 21:20 2017 Tuesday ,14 February

Tesla brings electric cars to supercar-loving UAE
View News in Arabic - Auto: أخبار السيارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday