Antique autos 'attracting investors'

Antique car insurance enquiries may not have suffered too much in the face of the recession, if the comments of one international auction house are anything to go by.

According to Coys, two of its recent sales have proved as popular as ever, suggesting people may be looking to plough their cash into vintage vehicles as a result of the current economic gloom.

Spokesman Chris Routledge said: "There is no doubt that we are in a downturn, but people are looking to put their money into classic cars and automobilia rather than other financial investments."

At a recent auction in Monaco, a 1968 Lamborghini Miura P400 fetched £232,000.

Meanwhile, a sale at the Masters festival at Brands Hatch saw a 1964 Aston Martin DB5 attract a final bid of £190,000.

Earlier this year, Coys held Britain's first rock'n'roll motoring auction in London, during which a Ferrari Superamerica previously owned by Rod Stewart went under the hammer.

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