“Thirty to 40 years is roughly the time it takes for a 15-year-old with a poster of a car on his wall to go through school, get a career, maybe start a family, and eventually have enough time and disposable income to buy a collector car— the one he or she lusted after as a teen.” Eric Minoff, a Senior Specialist at Bonhams auction house and Head of Sale at the Greenwich Concours d’Elegance is telling us why the “modern classics” of the 1980’s and ’90s have been shooting up in value of late. Savvy investors who aren’t already in on the game are taking note.
The roll call of these dream cars, whose value has been increasing over the past decade or so following (for the most part) years of depreciation and decline, includes the Lamborghini Countach and Diablo, Ferrari Testarossa and F40, Jaguar XJ220, Vector W8, Porsche 959, Bugatti EB 110 and McLaren F1, among others. And while some are worth more than others according to their rarity, even the value of cars produced in series for several years such as the Testarossa and the Countach—which in fact originally debuted in 1974 yet has become the quintessential ‘80s exotic—are benefiting from the bedroom poster syndrome. Its successor, the Diablo, equally bonkers and mind-blowing, finally appeared in 1990.
In 1992 Jaguar produced the XJ220 which at 220 mph, was, albeit briefly, the fastest production car on Earth, and carried an appropriately hefty price tag. A carpet firm in Cardiff, Wales, were so convinced that buying and holding the supercar was the best investment ever, that they bricked one up under the staircase in their shop in 1993. Unfortunately they went bankrupt ten years later and liquidators auctioned it offfor a mere $190,000. Had they been able to hold on to it until 2019, it would have been worth more like $439,000—the price fetched for a Le Mans Blue example at the Silverstone Auctions’ Heythrop Classic Car Sale and Sale of British Marques.
Continue reading your story on the app
Continue reading your story in the magazine
ROCKY AT THE TOP
Rocky Barnes’s life is picture-perfect, and she has the followers to prove it
Marina Pahomova shows health and beauty go hand in hand
Maxim Cover Girl competition – Top of Their Class
Meet our stunning group of Maxim Cover Girl competition runners-up
Billion Dollar Views
Why luxury villas with world-class vistas are increasingly in demand
Filippa Hamilton – Legendary Beauty
Filippa Hamilton, one of fashion’s most iconic faces, celebrates an extraordinary career
Passion, Power & Prescience
How enigmatic entrepreneur Howard Hughes blazed a trail for today’s business tycoons
Mastering The Classics
Everything you need to know to make the ideal cocktail for every occasion
Escape to Belize
With only seven villas on a remote island, Belize's Cayo Espanto is redefining resort exclusivity
Best Concept & Design Watch – To The Max
Watchmaking genius Max Büsser continues to astonish us with MB&F
How to age, store and collect the world's finest cigars