Classic car values are soaring

Matthew Partridge looks at the soaring value of alternative investments such as classic cars and antiques, and rounds up the rest of the week's personal finance news.

Antiques and classic cars may yet replace shares and bonds. The index tracking vintage motors went up 20% last year, while a Ferrari has just been sold for £20.2m. The Guardian points out that if the £6,000 the car cost in 1963 had been put in the bank instead, it would still only be worth £110,000. Peter Temple in the FT also notes that rare vintage stamps have gone up at an annual rate of 11% since 1998.

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