Proof that priceless barn finds still exist emerged from France recently when elite auction house Artcurial announced it had discovered the automotive equivalent of Tutankhamun’s tomb.
The “Baillon barnfind” included 60 + of the finest classic cars from the 50’s and 60’s, all of which have been untouched for 50 years. Some exotic names include Bugatti, Ferrari, Porsche and Maserati amongst many other rare marques unheard of today.
Collectable classics are now offering far better returns than almost all other asset categories, along with auction prices destined to continue to rise relentlessly. The term appreciation applies in more ways than one. Firstly, there’s capital appreciation, and cars are now a legitimate avenue for wealth creation. On the other hand there’s the personal appreciation which goes far beyond mere numbers on a spreadsheet.
On the topic of numbers, with true classics matching numbers on the engine and body are essential to know the car is original. Without this type of authentication the vehicle would not command any realistic value at auction. Authenticity is the key to a rare car that will appreciate in value, and all of the Baillon Barnfind cars appear to be the genuine article.
These 60 cars are expected to achieve legendary status. But just how did the collection come about? Well the original collection of over 100 cars was put together by the French entrepreneur Roger Baillon who made his fortune in the Transport business. He quickly accumulated many exotic cars during the 50’s and 60’s. The irony is perhaps that if the collection had been sold at the time of his death it would only have been worth a fraction of what it is today.
The collection is currently on sale with the elite auction house Artcurial and expected to fetch over 20 million Euros.
Now ask yourself, do you or one of your relatives have a classic car that could be appreciating? This may be the time to sell.
For assistance on cars with a little less rust please call GWA on 01243 510650.