Stop Kidding Yourself. A Classic Car Is (Almost) Never a Good Investment
A Ferrari 365 from 1972 is expected to fetch somewhere around $450,000 during the annual Pebble Beach Concours d'Elegance in Monterey, Calif. this weekend. When it was last bought in 2008, the car was worth $160,000. For the investment, the lucky owner may receive roughly triple his money and a few memorable – albeit nerve-wracking – road trips with 8-track theme music.