What is it about classic cars that make then so enviable? Is it the raw roar that echoes out of a 1969 Ford GT40 or the hair whippin' in the wind feeling of a top-down 60s-era Shelby Cobra? Whatever it is, collectors are willing to shell out big bucks for the car of their dreams. At auctions last year, the most expensive car purchased was a 1994 McLaren F1 LM-Specification for $19.8 million. (Most definitions consider cars over the age of 20 to be 'classic.')

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.