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Antique cars, in the general sense of the term, are an automobile which is in sense an antique. Further definitions that determine whether a car is an antique or not, is if the age of the car is of qualification. In the United States, for a car to be considered antique it must qualify by at around 25 years; this definition is used by the Antique Automobile Club of America. However, legal definitions that are for the purpose of antique vehicle registration tend to vary widely. Antique car era includes the Veteran era, Brass era and also the Vintage era which stretch to the beginning of the automobile in the 1930s. Cars are now commonly described as classic cars. Those that are original antiques cars are either stored or exhibited at car shows, but are rarely ever driven.
Within the UK, the Brass era is split into two separate eras; the Veteran era and the Edwardian era. Cars that were produced before 1905 were included in the Veteran era. The Edwardian era on the other includes cars that produced between January 1905 and December 1918. This thought to be before World War 1 cars built in the US. Vintage era is said to have covered the cars between 1918 and 1930. Post vintage cars were made in January 1931 all the way up to 1939 which was the start of the Second World War. The more modern of cars were made after December 1959. Racing, shortly became popular after the production of automobiles. The first official race that took place was in the Paris-Bordeaux-Paris race, which was roughly around a 732 mile round trip race. The frist race which took place in the US, was a 6 car 54.36 mile race, staring from Chigao’s Jackson Park all the way to Evanston, Illinois and back then back again. With racing there was a spur of inventions to improve cars and other automobiles.
Classic cars have been gaining higher interests due to their almost 500% return from the previous decade which basically overwrites art and wine by almost 100%, according to Knight Frank Luxury Investment Index. ‘Passion funds’ are often referred to investments in art portfolios, although have been around since 2006 and classic car passion funds have slowly been making their way in, which has been said by Enrique Liberman, Bowles Liberman & Newman. It has also been said that there is a high interest in new car funds, with most eh enquires coming from new, first-time fund managers typically on the classic car collectors or dealers.
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