I want to address the elephant in the room about the current classic car market: we are in a bubble, and the bubble will correct.

The surge in classic car values over the past decade has been driven by a combination of factors: low interest rates making speculative investments attractive, a generation of buyers entering their peak earning years with nostalgic attachment to 1960s and 1970s cars, and a genuine reduction in supply as cars are bought and held rather than traded.

The same dynamic played out with muscle cars in the late 1980s and early 1990s, and again in the mid-2000s. Both times, values corrected significantly. The cars that held value best were the ones with the deepest emotional attachment and the smallest original production numbers. Buy cars you love, not cars you expect to profit from.