My kingdom for a horse (or a classic car) Laurs, Dries; Renneboog, Luc
Journal of international financial markets, institutions & money,
January 2019, 2019-01-00, Letnik:
58
Journal Article
Recenzirano
Odprti dostop
This paper investigates the price determinants and investment performance of classic cars comprising various categories starting from veteran cars (built between 1888 and 1907) up to modern classics ...(built between 1975 and 1990). We examine a sample of 29,000 classic car auction sales conducted globally between 1998 and 2017. A hedonic pricing methodology is used to construct several classic car price indices, which enable a risk-return analysis. Classic cars appreciated annually by 3.37% and 5.63%, respectively in real and in nominal terms before transaction costs. Investments in ‘blue chip’ classic cars (12.50%) and Italian classics (11.28%) generate the highest annual nominal returns. On a risk-adjusted basis, classic cars have outperformed equity and other emotional assets such as art, but underperformed bonds and gold over the past two decades. The risk-adjusted returns on the category of affordable classics are similar to those of equity investments.
The cars and crumbling buildings, increasingly being renovated into photo-ops and bed and breakfasts for a burgeoning tourist trade, are evidence of a place caught in the legacy of a decades-old cold ...war embargo, preventing the flow of goods and monies yet at the same time experiencing an increased ease in international travel, including most recently with its US neighbor, just a 90-minute plane ride to the north. The images convey both the faded glamour of the 1950s and the long history of Cuba through the effects of cold war politics, layered onto the histories of the Chinese family associations and diasporic communities that appear through Lau's images of the last Chinese-language newspaper, Diario Popular Chino, and the forgotten porticos in the Barrio Chino. Alexandra Chang is Associate Professor of Practice, Art, Culture, and Media at the Clement A. Price Institute on Ethnicity, Culture, and the Modern Experience at Rutgers University, Newark.
Cuba's Car Culture drives through Cuba's love of American cars of the '40s and '50s, and the ingenuity that keeps them running despite the U.S. embargo.
Haynes, Elwood (1857–1925) Lamphier, Peg
Technical Innovation in American History : An Encyclopedia of Science and Technology: Reconstruction Through World War II,
2019
Reference
Provider: - Institution: - Data provided by Europeana Collections- On this edition: we meet a Colombian school exchange student in the eastern German state of Brandenburg; in Bavaria, a vintage car ...enthusiast collects and restores 100-year-old vehicles; young entrepreneurs in Berlin have made a splash on the market with organic food for kids; and thrill-seekers in Bavaria go looking for treasure in a nighttime haunted maze.- All metadata published by Europeana are available free of restriction under the Creative Commons CC0 1.0 Universal Public Domain Dedication. However, Europeana requests that you actively acknowledge and give attribution to all metadata sources including Europeana
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