Classic-car sales stall

Chris Carter looks at what has gone wrong as the classic-car market hits the skids.

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The Aston Martin DBR1: yours for $22.5m
(Image credit: Tim Scott ©2017 Courtesy of RM Sotheby's)

Classic cars have left other "passion plays", such as wine, art and stamps, in the dust over the past decade. Since 2005, their value has risen by 332%, according to the Coutts Passion index. The Knight Frank Luxury index puts the growth even higher, at 362% since 2007. Coins came a distant second for Coutts, having risen in value by 225%, while wine took Knight Frank's silver medal with 231% growth.

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Chris Carter
Wealth Editor, MoneyWeek

Chris Carter spent three glorious years reading English literature on the beautiful Welsh coast at Aberystwyth University. Graduating in 2005, he left for the University of York to specialise in Renaissance literature for his MA, before returning to his native Twickenham, in southwest London. He joined a Richmond-based recruitment company, where he worked with several clients, including the Queen’s bank, Coutts, as well as the super luxury, Dorchester-owned Coworth Park country house hotel, near Ascot in Berkshire.

Then, in 2011, Chris joined MoneyWeek. Initially working as part of the website production team, Chris soon rose to the lofty heights of wealth editor, overseeing MoneyWeek’s Spending It lifestyle section. Chris travels the globe in pursuit of his work, soaking up the local culture and sampling the very finest in cuisine, hotels and resorts for the magazine’s discerning readership. He also enjoys writing his fortnightly page on collectables, delving into the fascinating world of auctions and art, classic cars, coins, watches, wine and whisky investing.

You can follow Chris on Instagram.