Investment "Vehicles" Redefined

Saturday, September 18, 2004 | 08:11 AM

wsj_format_logo

The WSJ takes a very interesting look at classic autos as alternative investment "vehicles" (their pun, not mine) in a recent article titled The New Investment Vehicle.

"To some degree, new interest in old cars is a reaction to the past few years' lackluster stock performance. But it's also a product of wealthy baby boomers seeking out cars they could only dream of owning a few decades ago. Now, 6.7% of drivers describe themselves as car collectors, according to CNW Marketing/Research of Bandon, Ore., up from 4.9% four years ago. Classic-car sales are also growing: At the Barrett-Jackson auction in Scottsdale, Ariz., considered a market barometer, sales totaled $38.5 million this year -- up roughly 40% from levels of the three previous years. And so far in 2004, Barrett-Jackson and two other top auctioneers, Christie's and RM Auctions, say 193 cars have sold for $100,000 or more, up from 154 for all of last year."

If you are an online WSJ subscriber, you can see the full article -- with many cool pics here.

If not, go to my extensive (and poorly formatted) excerpts at essays and effluvia.

Saturday, September 18, 2004 | 08:11 AM | Permalink | Comments (0) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef00d8353d79c069e2

Listed below are links to weblogs that reference Investment "Vehicles" Redefined:

Comments

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner