Price Differences in Classic Cars Between Countries
High priced vintage cars in one country may cost less in another. It is the simple law of supply and demand – if there are too many classic cars of a certain model, the price just goes down. For example, in the United Kingdom, Jaguars may come just a little bit cheaper than the Jaguars you find in Germany, because interest in classic cars are highly variable, and there really is no rule or limit to how much interest a collector can have with a specific classic car model. Another case in point is the original Delorean of the Back to the Future fame. It reached USD 500,000 in its most recent auction.
A great source of classic cars is Cuba. Because of the Cold War of the 1970s and 80s, plus the added trade embargo from the United States, Cuba has in essence, been trapped in the 1960s for the longest time. But with trade restrictions slowly lifting, the markets are finding Cuba again, and reports now reveal that Cuba is a paradise for any muscle car dealer worth his salt – the cars in Cuba are from another era, another time, and a whole world of classic car collectors are just itching to get their hands on any car from Cuba.
It is the law of supply and demand, and the real value of the car makes up only a small part of the price. The difference between the real value and the market value is the interest in the car, and if you can match a high supply of classic cars in one country to a high demand in another, you would have made your whole business in classic cars.