An investment of the heart – The Property Chronicle
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An investment of the heart Advice for investing in a classic car

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This article was originally published in March 2018.

One of the first questions we are always asked by new bidders at an auction is, ‘will it make me money?’ Our answer? The infuriatingly mercurial, ‘perhaps.’ Choosing a classic or collectors’ car is a deeply personal process, and for each buyer seeking a pristine, track-ready Ferrari, there is another looking for a Bugatti that appears to be more rust than racing car. Every bidder who attends our sale is looking for a different car for a different purpose, but we give the same advice to them all: buy what you love.

To buy a classic car purely for investment is, although understandable, to rather miss the fun. The value in a car lies in its history; in the laps it has scorched around Brooklands and Le Mans, in the creaking leather seats occupied by the bravest world champions, and in the paint of Grand Prix rivals etched on to its bumper after a run-in at Eau Rouge. It is in a gloriously sunny Autumnal Sunday, an empty road and no particular destination in mind. It is in experiences that cannot be valued at an exact price, but ones that leave you all the richer for them.

Alternative assets

About Tim Scholfield

Tim Scholfield

As Head of Department for Bonhams Motor Cars in the UK, Tim Schofield is responsible for at least eight sales annually. Tim has specialised in his subject since leaving university in 1994. He has worked on and coordinated record-breaking sales since joining Bonhams in 2000, and has handled such ground-breaking collections such as The A J Lees Collection of Ferrari sports-racer projects and related spares; The Auto Collection, Sweden; The Patrick Collection (Part 2); and The 2005 Williams Grand Prix Engineering Sale to name but a few. Tim is also an enthusiastic member of the Vintage Sports Car Club and Veteran Car Club preferring the longer UK and Continental road rallies to track racing.  Tim's current 'family' car is a Range Rover while a Lagonda M45 Vanden Plas Tourer, Jaguar XK120 Roadster and the affectionately dubbed ‘aircraft carrier’ 1966 Pontiac GTO are regularly exercised time and weather permitting.

Articles by Tim Scholfield

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