M. Peter Neumann quoted in:  Luxury Investment Index – Classic Car Special Q2 2019 –  Knight Frank- October 12 2019

Knight Frank research, well known for their widely read annual Wealth Report, quoted CSM’s CEO Peter Neumann in this recent Luxury Research quarterly report. This interim report was published in conjunction with the Americana Manhasset Concours D’Elegance which took place in Long Island, NY on October 13, 2019.

Our view which was mentioned in brief here, is that we observe, and continue to expect, the outperformance from a value perspective, of classic and collectible automobiles that have desired differentiations due to a variety of intrinsic factors, versus the broad universe and large pool of cars in this sector. This observation is corroborated by lower cleared average prices at auction, versus continued record prices set by ‘special’ or ‘unrepeatable’ examples.  Aside from this value comment, we also mentioned that we see continued growth in the hobby and ‘lifestyle’ elements among collectors and enthusiasts. The industry is expanding in many ways. This includes planning around this asset class especially when the collection represents materiality in individuals/ family overall investment portfolios.