Better than Gold - Investing in Historic Cars - Second edition

Better than Gold - Investing in Historic Cars

Introducing the HAGI classic car indices 

LOOK INSIDE!

Why is it that a multi billion pound market has never been documented, analysed and interpreted, despite the fact that it has existed for more than half a century?

Better Than Gold addresses these questions by rigorously analysing this collectors’ market, its trading patterns, players, market dynamics and by comparing its characteristics and performance to other collectors' and established asset classes.

The book introduces the HAGI classic car indices, which measure this market accurately on a monthly basis using financial methodology. The four main sections of the book cover subjects such as market history and description, size, and value drivers. Using the indices, the author illustrates historic price developments of various market sections, including those of collectors’ Ferrari and Porsche and Mercedez-Benz. 

It also offers fresh insight into some of the most interesting market phases, including an account of the classic car investment bubble of the late 1980s.

With a remarkable level of detail, Dietrich Hatlapa elaborates on restoration of classic cars and the philosophy behind this vital activity and craft, which is essential in the value development of a car.

Helped by this entirely new research, the book creates the foundation for an investment infrastructure in this asset class. With over 200 quality photographs of collectors’ cars, price performance graphs and tables, the book interweaves market theories, index analysis, personal impressions and market data.

Finally the book offers a large amount of price relevant information summarised in 14 appendices. It presents the facts in a structured way and is a useful guide for both the market novice and the experienced owner.

Find out what drives this exciting market, seen by many as a reliable and entertaining area of non-conformist investing. Better Than Gold is a must read for anyone interested in the classic car sector.

"Also, just received the book. I'm blown away by the quality of both the content and the book itself."

N.L, Barcelona

“Great Resource”

Bloomberg Markets Magazine

“Rare cars put investors in pole position”

Financial Times

"In forensic detail it examines why some cars appreciate more than others, and suggests how to minimise the risks involved in shelling out potentially huge sums."

Octane Magazine

 “Dietrich Hatlapa achieves a breakthrough by exploring in unprecedented depth and detail the factors affecting the values of classic cars and the trends that have influenced those values over the last three decades.”

Karl Ludvigsen

"breathtaking" 

Classic & Sports Car

"a fascinating book and well worthy of consideration in the unsettled economic times we live in today"
Classicdriver.com

"Hatlapa´s empirical research and conclusions are particularly compelling. I could not put the book down."
Dr. Kelly Silverthorn, 'Just For Canadian Doctors'.

 "... il applique des méthodes d’analyse rigoureuses de l’évolution des prix sur les trente dernières années, tout en présentant son indice «Hagi» de suivi du marché, mois par mois. De nombreux graphiques illustrent cette démarche qui permet d’intéressantes extrapolations. Sans prédire l’avenir, elles donnent au moins des tendances qui ont le mérite de ne pas sortir d’un chapeau."
Classic & Sportscar, France

 "I just finished reading your book. A masterpiece. Not only is it highly informative and well researched, it is as well beautiful."
A.K., California

"I just wanted to drop you a quick line to let you know how much I have enjoyed reading your book over the last couple of weeks. I, like you, believe that as well enjoying the classic car scene as an interest feel that I need to rationalise it in the context of other asset classes. Your book is the first to do this for me in a structured, financially knowledgeable way and in a language I understand as a banker."
M.W., London

"Congratulations on your book " Better than Gold, Investing in Historic Cars" I just got my copy last week and I'm enjoying it immensely." 
A.S., Malaysia

“Ich war über die mangelnde Transparanz des Marktes für hochwertige klassische Automobile erstaunt”, sagt Dietrich Hatlapa, zur Motivation für das Werk, das im September 2011 in neuer Auflage erscheint und sich an den professionellen Oldtimer-Sammler wendet. “Bisher mussten Sammler und Investoren auf ihr Bauchgefühl vertrauen. In traditionellen Märkten können sie viel mehr und bessere Informationen nutzen, um ihre Investment-Entscheidungen zu fällen”. HAGI und Hatlapa stellen diese Informationen nun bereit" 

Handelsblatt, Germany