Classic Car Values
Speed Academy runs a piece looking at what's driving the skyrocketing prices of air-cooled Porsche 911s. One theory is that Joe-the-Plumber owners are valuing their own high-mileage daily drivers according to the bubble-like prices being asked for pristine, low-mileage examples.
If you're looking for an automotive investment and have a few hundred thousand dollars to burn, then you might want to look away from Ferrari and towards Porsche. The 1973 Porsche Carrera 2.7 RS is the highest appreciating car of the last 10 years, at least in the UK. The value of these homologation specials is up 669 percent in just the last decade.
Decades ago, a dominant Formula One team made a few dozen examples of a sports car that was as devastating on the track as it was on the road, and as such, it has become highly sought-after by collectors willing to pay millions – even tens of millions – for the privilege of ownership. We have to be talking about the Ferrari 250 GTO, right? We very well could be, but in this case