Market Intelligence
Pre wars: fixed income investments. Or better
RM and Bonhams recently held auctions dedicated to pre-war automobiles, and both events were successful, selling a high percentage of lots offered and surpassing their initial estimated values. The pre-war market is considered mature and practically immune to bubbles or pandemics, and some models have even appreciated in value. Despite being a niche market, the rarity of these cars makes them difficult to estimate, as demonstrated by the high price difference in some sales.
In a world obsessed with algorithms, likes and NFTs it is nothing short of courageous to organize an auction almost exclusively reserved for the pre-war period. Putting on two of them sounds borderline crazy.
Instead, both RM on 7th October and Bonhams on 5th November relaunched their “classics” dedicated to veteran automobiles. The Canadians chose Hershey, Pennsylvania, the world’s largest pre-war car market. Bonhams instead settled for their headquarters in New Bond Street.
