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Classic Cars Market

Classic Cars Market By Condition (Concours, Excellent, Good, Fair, Poor); By Drive Train (Manual, Automatic, Semi-Automatic); By Type (Sports Car, Sedan, Coupe, Convertible, SUV, Truck); By Era (Pre-War, Post-War, Muscle Car, Modern Classic); By Engine Size (Less than 2.0L, 2.0L-3.0L, 3.0L-4.0L, 4.0L-5.0L, Over 5.0L); By Geography – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

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Published: | Report ID: 3045 | Report Format : Excel, PDF
REPORT ATTRIBUTE DETAILS
Historical Period 2019-2022
Base Year 2023
Forecast Period 2024-2032
Classic Cars Market Size 2024 USD 39.7 billion
Classic Cars Market, CAGR 8.7%
Classic Cars Market Size 2032 USD 77.8 billion

Market Overview

Classic cars market size was valued at USD 39.7 billion in 2024 and is anticipated to reach USD 77.8 billion by 2032, at a CAGR of 8.7% during the forecast period (2024-2032).

The classic cars market is driven by a growing interest in vintage automobiles as investment assets, with many collectors seeking to diversify their portfolios. Increasing disposable incomes, particularly among high-net-worth individuals, has fueled demand for rare and well-maintained classic cars. The rise of online auction platforms and the availability of specialized restoration services have made it easier for enthusiasts to buy, sell, and restore these vehicles. Additionally, a rising appreciation for automotive heritage and the desire for unique, timeless automobiles contribute to market growth. The increasing prominence of classic car events and shows further boosts interest in the sector. As younger generations discover the allure of vintage cars, the market is seeing a resurgence, with enthusiasts valuing both the craftsmanship and the historical significance these vehicles represent. These factors combined are expected to drive the market’s continued expansion during the forecast period.

The classic car market is global, with key players and enthusiasts spanning across various regions. In North America and Europe, established markets thrive, supported by rich automotive history, a strong culture of car collecting, and numerous auctions and restoration services. Notable players in these regions include major auction houses like RM Sotheby’s, Gooding & Company, and Bonhams, which cater to high-end classic car buyers. In addition to these auction houses, specialist restoration firms and parts suppliers, such as Classic Motorsports and The Classic Car Trust, are integral to maintaining the appeal and longevity of classic cars. In regions like Asia-Pacific, the market is emerging, with increasing interest from affluent buyers in countries such as China, Japan, and India. Luxury brands like Mercedes-Benz, Cadillac, and Lamborghini are particularly sought after, and their vintage models are highly valued among collectors worldwide.

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Market Insights

  • The classic car market was valued at USD 39.7 billion in 2024 and is projected to reach USD 77.8 billion by 2032, growing at a CAGR of 8.7% during the forecast period (2024-2032).
  • Increasing disposable income and growing interest in vintage vehicles are driving the demand for classic cars, especially in North America and Europe.
  • The rise in electric vehicle conversions for classic cars is a key trend, with many enthusiasts seeking environmentally friendly alternatives for vintage vehicles.
  • The digitalization of classic car sales through online auction platforms is expanding market reach and creating new opportunities for global buyers.
  • High maintenance and restoration costs present challenges for collectors, limiting the market’s potential to some extent.
  • Regulatory restrictions, especially related to emissions, are impacting the ownership and use of classic cars in urban areas.
  • North America and Europe dominate the market, while the Asia-Pacific region is emerging as a growing hub for classic car enthusiasts.

Market Drivers

Growing Investment Interest

Classic cars have increasingly become sought-after investment assets, with many collectors viewing them as a profitable way to diversify their portfolios. For instance, a Mercedes-Benz 300 SLR Uhlenhaut Coupé was sold for $143 million, setting a record for the most expensive car ever sold. Vintage automobiles, especially rare and well-preserved models, often appreciate over time, offering substantial returns to investors. Auctions and private sales have seen record-breaking prices for iconic classic cars, reflecting their growing value in the financial market. This trend has been further fueled by the scarcity of certain models and the limited production of vintage cars, driving demand among high-net-worth individuals seeking tangible assets. Classic cars provide not only aesthetic pleasure and historical significance but also the potential for long-term financial gains, making them an attractive investment in the broader asset class market.

Rising Disposable Income

The increasing disposable income of individuals, particularly in emerging economies, has contributed significantly to the growth of the classic car market. As more consumers gain access to higher earnings and greater financial flexibility, luxury items, such as vintage cars, have become more attainable. With this surge in purchasing power, both seasoned collectors and first-time buyers are investing in classic cars. The growing affluence of the middle and upper classes in regions like Asia-Pacific, North America, and Europe has expanded the market’s consumer base. These economic improvements allow a larger number of people to indulge in high-end hobbies, fueling the demand for these vehicles as status symbols and expressions of personal wealth.

Online Auction Platforms and Restoration Services

The rise of online auction platforms has revolutionized the classic car market by making it easier to buy and sell vehicles globally. Collectors no longer have to rely solely on traditional, local markets, which has expanded their reach to international buyers and sellers. For instance, in 2024, online auctions accounted for the highest number of classic cars sold at global auctions. Websites and digital marketplaces offer extensive catalogs of classic cars, with detailed specifications, allowing enthusiasts to make informed decisions from anywhere in the world. Additionally, the increasing availability of specialized restoration services ensures that vintage vehicles remain in pristine condition, which boosts their appeal. Restoration experts can refurbish cars to maintain their value, making these vehicles more accessible and desirable for new buyers. This digital transformation has streamlined the classic car market and made it more efficient, further driving its growth.

Cultural Appreciation and Automotive Heritage

An increasing cultural appreciation for automotive heritage is one of the most significant drivers of the classic car market. Many buyers value classic cars not only for their historical importance but also for their craftsmanship and design. These vehicles represent a bygone era of automotive engineering, and their preservation has become a way to honor the legacy of the automotive industry. The rise in classic car clubs, enthusiast groups, and car shows worldwide has cultivated a sense of community around these vehicles, further promoting interest. Classic cars are often seen as symbols of personal identity, craftsmanship, and nostalgia. This growing fascination, particularly among younger generations discovering the allure of vintage vehicles, has created a renewed demand for classic cars, ensuring their continued popularity in the market.

Market Trends

Rising Popularity of Electric Classic Car Conversions

A notable trend in the classic car market is the increasing demand for electric conversions of vintage vehicles. As environmental awareness grows and the automotive industry shifts toward sustainable mobility, many classic car owners are opting to replace traditional internal combustion engines with electric powertrains. This conversion allows enthusiasts to retain the aesthetics and appeal of their beloved vintage cars while reducing their carbon footprint. Companies specializing in retrofitting classic cars with electric drivetrains are gaining traction, and the trend is expected to accelerate as more classic car owners seek eco-friendly alternatives without compromising performance or style.

Younger Generations Entering the Market

While classic cars have traditionally been the domain of older collectors, there is a growing trend of younger generations entering the market. For instance, a Hagerty survey indicated that 60% of Gen Z participants expressed an interest in owning a classic car, compared to only 31% of baby boomers. Many of these younger enthusiasts are drawn to the craftsmanship and history of vintage vehicles, appreciating them as symbols of a past era while also viewing them as investment opportunities. Social media platforms, YouTube channels, and online communities have played a significant role in fostering this interest, as younger generations discover the passion for restoring, collecting, and showcasing classic cars. This influx of new buyers is expected to continue shaping the market and driving innovation in the years to come.

Increase in Classic Car Auctions and Online Platforms

The growing prominence of online auction platforms has transformed the classic car market, with more buyers and sellers engaging in virtual transactions. Websites like Bring a Trailer, RM Sotheby’s, and Gooding & Company have made it easier for collectors and enthusiasts to find and bid on rare, high-value vehicles. These platforms offer greater transparency, detailed listings, and bidding options that reach a global audience, driving up competition and prices. The digital shift has also allowed buyers to access a wider variety of classic cars, from well-known models to obscure gems, enhancing the market’s overall accessibility. This trend continues to attract new collectors and buyers from all over the world, propelling the market’s expansion.

Focus on Restorations and Originality

As the classic car market grows, there is an increasing emphasis on originality and restoration. Many buyers now seek vehicles in pristine, original condition or those that have been expertly restored to their former glory. Classic car restoration specialists are in high demand, as collectors aim to preserve the historical accuracy and authenticity of these vehicles. Original parts, paint jobs, and even factory details have become key considerations for potential buyers, with many willing to pay a premium for cars that retain their original components. This trend highlights a growing desire for preserving automotive heritage while ensuring that the cars retain their value over time.

Market Challenges Analysis

High Maintenance and Restoration Costs

One of the major challenges in the classic car market is the high cost of maintenance and restoration. Classic cars require specialized care, and finding skilled mechanics and restoration experts can be costly and time-consuming. For instance, according to The NPD Group’s 2015 Consumer Outlook Survey, older automobile owners are twice as likely (20% vs. 10%) to expect to spend more than $1,000 on maintenance and repair work. Maintaining a vintage car involves sourcing rare parts, which can be difficult as certain models may no longer be in production, driving up prices. Additionally, restoration work often requires significant investment to ensure that the car is preserved or returned to its original condition. These high costs can be a barrier for some potential buyers, particularly first-time collectors who may not have the financial resources or technical expertise to maintain such vehicles. As a result, the long-term ownership of classic cars can become financially burdensome, limiting the market’s growth potential for some demographics.

Legal and Regulatory Barriers

Another challenge facing the classic car market is the increasing regulatory scrutiny on vintage vehicles, particularly in relation to emissions and safety standards. In many countries, classic cars are subject to strict emissions testing and environmental regulations, which can make it difficult for owners to keep their cars roadworthy or legal for regular use. Additionally, as the global automotive industry shifts toward electric vehicles and cleaner technologies, classic cars may face restrictions on where they can be driven, particularly in cities with low-emission zones or environmental regulations. This creates uncertainty for collectors and investors, as the legal framework surrounding classic car ownership may evolve, potentially limiting the appeal of these vehicles. Despite these challenges, however, the demand for classic cars remains resilient, and enthusiasts continue to find ways to navigate these regulatory hurdles.

Market Opportunities

The classic car market presents several opportunities for growth, particularly in the area of electric vehicle (EV) conversions. As environmental concerns rise and the automotive industry shifts toward sustainability, there is increasing demand for retrofitting classic cars with electric drivetrains. This trend allows classic car owners to maintain the aesthetic appeal of their vintage vehicles while embracing eco-friendly technology. The growing interest in electric classic cars creates a unique market segment, offering opportunities for specialized conversion companies and businesses focused on integrating modern, energy-efficient systems into vintage automobiles. Additionally, as governments worldwide set stricter emissions regulations, electric conversions provide a way for classic car enthusiasts to continue enjoying their vehicles while meeting legal requirements, expanding the potential consumer base for this niche market.

Another significant opportunity lies in the expanding digital marketplace for classic car sales. The rise of online auction platforms and specialized websites has made it easier for buyers and sellers to connect globally, creating a more efficient and transparent market. As these digital platforms gain popularity, there is room for growth in niche markets, such as rare or collectible vehicles, where buyers seek specific models or rare finds. This growing accessibility can help expand the reach of classic car sales to new geographic regions and untapped buyer demographics. Furthermore, the increasing prominence of social media and online communities dedicated to classic car culture presents opportunities to engage younger generations who are becoming more interested in collecting and restoring vintage vehicles. Leveraging these digital tools can help businesses and collectors alike take advantage of the growing demand for classic cars across the globe.

Market Segmentation Analysis:

By Condition:

The condition of classic cars significantly impacts their value and desirability in the market. Cars in Concours condition, which are typically restored to original factory specifications, are the most sought-after and command the highest prices. These vehicles are often prized by collectors and investors due to their pristine appearance and impeccable authenticity. Excellent condition vehicles are also highly valued but may have minor imperfections that do not detract significantly from their overall appeal. These cars often require minimal restoration or maintenance, making them ideal for enthusiasts seeking a high-quality classic without the need for extensive work. Good condition cars, while still collectible, may show some signs of wear and tear, such as surface rust or upholstery damage, and are priced lower than the top-tier options. Fair and Poor condition vehicles are often considered restoration projects, attracting buyers who are willing to invest time and money into making them roadworthy. The segment by condition caters to a diverse group of buyers, from serious collectors to hobbyists looking for a project car, with market pricing reflecting the car’s overall quality.

By Drive Train:

The drive train of a classic car is another key determinant of its appeal and value. Manual transmission classic cars remain highly sought after, particularly among purists who appreciate the driving experience and connection to the vehicle that manual gear shifting provides. These cars often attract enthusiasts who value the tradition and authenticity of vintage driving mechanics. Automatic transmission vehicles, while less popular among traditional car collectors, appeal to a broader audience, including those who prioritize convenience and ease of driving. Many buyers, especially those new to classic cars, prefer automatic transmissions for their practicality in modern traffic conditions. Semi-Automatic transmissions, which offer a blend of both manual and automatic features, are also gaining traction among enthusiasts seeking a more engaging driving experience without the full commitment to a manual gearbox. Each segment in the drive train category caters to specific buyer preferences, with manual and semi-automatic transmissions typically attracting more dedicated collectors, while automatic options appeal to those seeking a balance between classic style and modern convenience.

Segments:

Based on Condition:

  • Concours
  • Excellent
  • Good
  • Fair
  • Poor

Based on Drive Train:

  • Manual
  • Automatic
  • Semi-Automatic

Based on Type:

  • Sports Car
  • Sedan
  • Coupe
  • Convertible
  • SUV
  • Truck

Based on Era:

  • Pre-War
  • Post-War
  • Muscle Car
  • Modern Classic

Based on Engine Size:

  • Less than 2.0L
  • 2.0L-3.0L
  • 3.0L-4.0L
  • 4.0L-5.0L
  • Over 5.0L

Based on the Geography:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Russia
    • Belgium
    • Netherlands
    • Austria
    • Sweden
    • Poland
    • Denmark
    • Switzerland
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Thailand
    • Indonesia
    • Vietnam
    • Malaysia
    • Philippines
    • Taiwan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Peru
    • Chile
    • Colombia
    • Rest of Latin America
  • Middle East
    • UAE
    • KSA
    • Israel
    • Turkey
    • Iran
    • Rest of Middle East
  • Africa
    • Egypt
    • Nigeria
    • Algeria
    • Morocco
    • Rest of Africa

Regional Analysis

North America

North America holds the largest market share, accounting for approximately 35% of the total global market. The U.S. is a key driver in this region, with a robust base of classic car enthusiasts, collectors, and investors. The high disposable income, strong culture of car collecting, and increasing popularity of vintage car events and auctions contribute to the dominance of North America in the market. Additionally, the availability of specialized restoration services and parts further strengthens the demand for classic cars. As the market continues to expand, North America is expected to maintain its position as the leading region, driven by a combination of established car clubs and increasing interest from younger generations of collectors.

Europe

In Europe, the classic car market is also thriving, with the region capturing around 30% of the global market share. The region benefits from a rich automotive heritage, with countries such as the UK, Germany, and France being home to some of the most iconic classic car brands. The European market is driven by a combination of nostalgia, historical value, and the growing trend of electric conversions for vintage cars. Restoration and preservation of classic cars are highly valued, and many European countries have established regulatory frameworks that support the ownership and restoration of vintage vehicles. Classic car auctions, particularly in countries like the UK and Germany, continue to experience significant demand, boosting market activity and attracting buyers from across the globe.

Asia-Pacific

The Asia-Pacific region is emerging as a high-growth market for classic cars, holding approximately 20% of the global market share. While traditional car collecting has not been as prevalent in this region, the increasing number of wealthy individuals and growing interest in Western culture have led to a surge in classic car enthusiasts, particularly in China, Japan, and India. The rising disposable income and a growing appetite for luxury goods, including classic cars, are contributing to the market’s expansion. Additionally, a shift in consumer preferences towards unique and collectible vehicles is fueling demand for classic cars as a status symbol and investment asset. As the region continues to develop economically, the Asia-Pacific market is expected to see sustained growth in the coming years.

Latin America

In Latin America, the classic car market holds a smaller share of around 15% of the global market but is witnessing steady growth. Countries such as Brazil and Argentina have seen an increase in interest toward classic car collecting, driven by cultural appreciation for vintage vehicles and a growing number of restoration shops. However, the market in this region faces challenges such as economic volatility and limited access to original parts, which can hinder the growth potential. Despite these challenges, there is growing demand for classic cars, especially among high-net-worth individuals, and the segment is expected to expand as the region’s economy stabilizes and more people gain access to luxury markets. The Latin American market is projected to see gradual growth with increasing interest from both domestic and international buyers.

United Kingdom: Robust Auction and Dealer Revenues

The UK’s classic car market demonstrates considerable activity, with dealer revenues reaching approximately £2.0 billion in 2024, underscoring robust trade and consumer enthusiasm. The auction segment contributes significantly, achieving total sales of £575 million through nearly 17,000 transactions. Online auctions have notably outpaced live events in terms of average transaction values, commanding prices over £25,000 per vehicle—25% higher than the live auction average of £20,000. The UK’s overall classic car insurance market, another vital indicator, stands at £757.6 million, within a broader market generating annual turnover of £1.87 billion. The average valuation per classic car is around £12,500, indicating a balanced mix of accessible vehicles and high-value rarities. Prominent events such as the Goodwood Festival of Speed and auction houses including Bonhams play a crucial role in bolstering consumer engagement and driving market growth, reflected by the dealer industry’s steady CAGR of 1.7% from 2019 to 2024.

Germany and Italy: Heritage Fuels Market Strength

Germany and Italy represent key European markets, deeply rooted in automotive heritage. Germany’s Classic Car Index (DOX) notably shows a striking 193% increase since its inception in 1999, highlighting long-term value appreciation and investor confidence. Meanwhile, Italy captures approximately 20% of the entire European classic car market, benefiting from its storied automotive brands and rich motoring traditions. These nations’ markets are buoyed by collectors’ preferences for iconic, heritage-rich European marques, enhancing values of vintage German and Italian automobiles alike.

Australia: Enthusiast Spending Powers Growth

Australia exhibits dynamic market characteristics, driven by passionate enthusiasts investing substantially in historic vehicle maintenance and restoration. Australian classic car owners collectively spend nearly AUD 10 billion annually, averaging AUD 10,240 per owner, predominantly allocated towards parts, repairs, and restoration services. The Australian market comprises approximately 970,000 historic vehicles—accounting for 4.4% of the total national fleet. High-profile transactions further underline market vitality, exemplified by significant sales such as a 1934 Packard Twelve sold at AUD 2.15 million, and a rare 1995 McLaren F1 fetching AUD 30.63 million. With market growth rates reported at 33.78% in 2019, stabilizing at 2.73% by 2021, Australia maintains a solid upward trajectory sustained by a vibrant community of enthusiasts and car clubs.

North America and Benelux: Diverse Opportunities and Trade

North America’s collector car market remains vast, valued between USD 20-30 billion annually, supported by robust auction sales totaling USD 2.2 billion in 2021 alone. Vehicle valuations vary significantly, illustrating market breadth—from median auction prices around USD 27,500 to elite transactions averaging USD 477,981 at high-profile events like Pebble Beach Concours d’Elegance. Hagerty estimates about 43 million cars meet collector vehicle standards, constituting roughly 16% of all registered vehicles, facilitating sustained market activity. Platforms such as Bring a Trailer significantly aid in transaction convenience, reflecting an evolving digital marketplace.

In the Benelux region, the Netherlands and Belgium lead significant classic car import activities, particularly via the port of Rotterdam and Belgium’s preference for classic VW buses. While exact market figures remain less explicit, Poland’s reported annual growth rate of approximately 20% suggests similar upward trends in the neighboring Netherlands and Belgium, indicative of sustained regional enthusiasm and investment appetite. These dynamics collectively reflect robust international activity, diverse market segments, and substantial growth opportunities across the global classic car landscape.

Key Player Analysis

  • Mercedes-Benz
  • Citroen Ds
  • Chevrolet
  • Lamborghini
  • Lincoln Continental
  • Cadillac
  • Toyota
  • Buick Riviera
  • Cadillac Eldorado Brougham
  • Buick Skylark

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Competitive Analysis

The competitive landscape of the classic car market is shaped by a blend of iconic car brands and specialized auction houses. Leading manufacturers like Mercedes-Benz, Chevrolet, Lamborghini, Cadillac, Toyota, and Buick continue to dominate the market with their classic models, known for their performance, design, and historical significance. Leading automotive brands, known for producing iconic and high-performance vehicles, continue to dominate the market with their vintage models. These brands benefit from strong historical legacies, ensuring a sustained demand for their classic cars among collectors and enthusiasts. For instance, RM Sotheby’s, Bonhams, and Gooding Company are among the leading auction houses specializing in classic car sales. The value of these vehicles is often tied to their rarity, design, and the prestige associated with the original manufacturer. In addition to automotive manufacturers, specialized auction houses and online platforms play a critical role in the market. These platforms facilitate the buying and selling of rare and high-value classic cars, offering a global reach to both seasoned collectors and first-time buyers. The auction environment drives competition by creating opportunities for bidders to secure exclusive cars, often at premium prices. Restoration and customization services are also key players in the competitive market. Companies offering expert restoration services ensure that classic cars retain or even increase in value by returning them to their original condition or providing modern enhancements, such as electric conversions. The interplay between these manufacturers, auction platforms, and restoration specialists creates a dynamic and competitive environment, with each segment driving the growth and appeal of the classic car market.

Recent Developments

  • In January 2025, Toyota Gazoo Racing (TGR) is exhibiting at the Tokyo Auto Salon 2025, displaying vehicles and parts under the theme of “Car-making at Nürburgring.” TGR plans to release 25 items for seven models, including the 70/80 Supra, AE86, and Land Cruiser 40.
  • In 2025, The Buick Riviera makes a return, blending classic design with modern luxury and technology. It features a sleek exterior, refined interior with premium materials, and advanced infotainment systems.
  • In 2025, The Buick Skylark is reimagined, blending classic American style with modern innovation and a luxurious, state-of-the-art cabin
  • In November 2024,The 2025 CLA will be the first vehicle to feature the new Mercedes Benz Operating System (MB.OS).

Market Concentration & Characteristics

The classic car market is moderately concentrated, with a few key players dominating the auction and restoration sectors. Major auction houses and online platforms hold significant market share, offering access to rare and high-value cars, which drives intense competition among collectors and investors. While a few brands and models maintain a strong presence due to their historical significance, the market is characterized by diversity, with various types of cars ranging from sports cars to luxury sedans appealing to different buyer segments. Restoration and customization services also play a crucial role, allowing classic car owners to maintain or increase their vehicle’s value. The market is heavily influenced by factors such as rarity, brand legacy, and condition, with classic cars often being viewed as investment assets. The overall market remains dynamic, driven by passionate collectors, auction events, and the growing trend of electric conversions, which further enhances the attractiveness of these vehicles.

Report Coverage

The research report offers an in-depth analysis based on Condition, Drive Train, Type, Era, Engine Size and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

  1. The classic car market is expected to continue growing, driven by increasing interest from younger collectors and investors.
  2. Demand for rare and vintage vehicles will remain strong, with high-profile auctions attracting global attention.
  3. Electric vehicle conversions for classic cars will become a more prominent trend, catering to sustainability-conscious buyers.
  4. The market for luxury and high-performance classic cars is anticipated to expand, with strong brand loyalty fueling continued demand.
  5. Restoration services will see increased demand as collectors seek to maintain or enhance the value of their vintage cars.
  6. Online platforms for buying and selling classic cars will play a greater role, expanding access to a global market.
  7. The increasing popularity of classic car events, such as rallies and exhibitions, will contribute to market growth.
  8. More affluent buyers in emerging markets, such as Asia-Pacific, will drive demand for high-end classic vehicles.
  9. Regulatory changes related to emissions may impact the ownership and use of certain classic cars in urban areas.
  10. As the market matures, classic cars will continue to be viewed as valuable investment assets, potentially providing long-term financial returns.
  1. Preface
    1.1. Report Description
    1.1.1. Purpose of the Report
    1.1.2. Target Audience
    1.1.3. USP and Key Offerings
    1.2. Research Scope
    1.3. Research Methodology
    1.3.1. Phase I – Secondary Research
    1.3.2. Phase II – Primary Research
    1.3.3. Phase III – Expert Panel Review
    1.3.4. Approach Adopted
    1.3.4.1. Top-Down Approach
    1.3.4.2. Bottom-Up Approach
    1.3.5. Assumptions
    1.4. Market Segmentation
  2. Executive Summary
    2.1. Market Snapshot: Global Classic Cars Market
    2.2. Global Classic Cars Market, By Function
    2.3. Global Classic Cars Market, By Vehicle
    2.4. Global Classic Cars Market, By Region
  3. Market Dynamics & Factors Analysis
    3.1. Introduction
    3.1.1. Global Classic Cars Market Value, 2020-2032, (US$ Bn)
    3.2. Market Dynamics
    3.2.1. Key Growth Trends
    3.2.2. Market Drivers
    3.2.3. Market Restraints
    3.2.4. Market Opportunities
    3.2.5. Major Industry Challenges
    3.3. Attractive Investment Proposition,2021
    3.3.1. Product
    3.3.2. Application
    3.3.3. Geography
  4. Premium Insights
    4.1. STAR (Situation, Task, Action, Results) Analysis
    4.2. Porter’s Five Forces Analysis
    4.2.1. Threat of New Entrants
    4.2.2. Bargaining Power of Buyers/Consumers
    4.2.3. Bargaining Power of Suppliers
    4.2.4. Threat of Substitute Types
    4.2.5. Intensity of Competitive Rivalry
    4.3. Value Chain Analysis
    4.4. Technology Analysis
    4.5. Marketing Strategy Analysis
    4.5.1. Direct Marketing
    4.5.2. Indirect Marketing
    4.5.3. Marketing Channel Development Trend
  5. Market Positioning of Key Players, 2021
    5.1. Company market share of key players, 2021
    5.2. Competitive Benchmarking
    5.3. Market Positioning of Key Vendors
    5.4. Geographical Presence Analysis
    5.5. Major Strategies Adopted by Key Players
    5.5.1. Key Strategies Analysis
    5.5.2. Mergers and Acquisitions
    5.5.3. Partnerships
    5.5.4. Product Launch
    5.5.5. Geographical Expansion
    5.5.6. Others
  6. COVID 19 Impact Analysis
    6.1. Global Classic Cars Market Pre Vs Post COVID 19, 2019 – 2032
    6.2. Impact on Import & Export
    6.3. Impact on Demand & Supply
  7. Global Classic Cars Market
    7.1. Global Classic Cars Market, By Function, 2020-2032(US$ Bn)
    7.1.1. Overview
    7.1.2. Global Classic Cars Market, By Function, 2021 vs 2032 (in%)
    7.1.3. Global Classic Cars Market, By Electric, 2020-2032 (US$ Bn)
    7.1.4. Global Classic Cars Market, By Hydraulic, 2020-2032 (US$ Bn)
    7.1.5. Global Classic Cars Market, By Pneumatic, 2020-2032 (US$ Bn)
    7.2. Global Classic Cars Market, By Vehicle, 2020-2032(US$ Bn)
    7.2.1. Overview
    7.2.2. Global Classic Cars Market, By Vehicle, 2021 vs 2032 (in%)
    7.2.3. Global Classic Cars Market, By Passenger Cars, 2020-2032 (US$ Bn)
    7.2.4. Global Classic Cars Market, By Light Commercial Vehicles, 2020-2032 (US$ Bn)
    7.2.5. Global Classic Cars Market, By Heavy Commercial Vehicles, 2020-2032 (US$ Bn)
  8. North America Classic Cars Market Analysis
    8.1. North America Classic Cars Market, By Function, 2020-2032(US$ Bn)
    8.1.1. Overview
    8.1.2. SRC Analysis
    8.2. North America Classic Cars Market, By Vehicle, 2020-2032(US$ Bn)
    8.2.1. Overview
    8.2.2. SRC Analysis
    8.3. North America Classic Cars Market, by Country, 2020-2032 (US$ Bn)
    8.3.1. U.S.
    8.3.1.1. U.S. Classic Cars Market Estimates and Forecast, 2020-2032 (US$ Bn)
    8.3.1.2. U.S. Classic Cars, By Function, 2020-2032 (US$ Bn)
    8.3.1.3. U.S. Classic Cars, By Vehicle, 2020-2032 (US$ Bn)
    8.3.2. Canada
    8.3.2.1. Canada Classic Cars, By Function, 2020-2032 (US$ Bn)
    8.3.2.2. Canada Classic Cars, By Vehicle, 2020-2032 (US$ Bn)
  9. Europe Classic Cars Market Analysis
    9.1. Europe Classic Cars Market, By Function, 2020-2032(US$ Bn)
    9.1.1. Overview
    9.1.2. SRC Analysis
    9.2. Europe Classic Cars Market, By Vehicle, 2020-2032(US$ Bn)
    9.2.1. Overview
    9.2.2. SRC Analysis
    9.3. Europe Classic Cars Market, by Country, 2020-2032 (US$ Bn)
    9.3.1. Germany
    9.3.1.1. Germany Classic Cars Market Estimates and Forecast, 2020-2032 (US$ Bn)
    9.3.1.2. Germany Classic Cars, By Function, 2020-2032 (US$ Bn)
    9.3.1.3. Germany Classic Cars, By Vehicle, 2020-2032 (US$ Bn)
    9.3.2. France
    9.3.2.1. France Classic Cars Market Estimates and Forecast, 2020-2032 (US$ Bn)
    9.3.2.2. France Classic Cars, By Function, 2020-2032 (US$ Bn)
    9.3.2.3. France Classic Cars, By Vehicle, 2020-2032 (US$ Bn)
    9.3.3. UK
    9.3.3.1. UK Classic Cars Market Estimates and Forecast, 2020-2032 (US$ Bn)
    9.3.3.2. UK Classic Cars, By Function, 2020-2032 (US$ Bn)
    9.3.3.3. UK Classic Cars, By Vehicle, 2020-2032 (US$ Bn)
    9.3.4. Italy
    9.3.4.1. Italy Classic Cars Market Estimates and Forecast, 2020-2032 (US$ Bn)
    9.3.4.2. Italy Classic Cars, By Function, 2020-2032 (US$ Bn)
    9.3.4.3. Italy Classic Cars, By Vehicle, 2020-2032 (US$ Bn)
    9.3.5. Spain
    9.3.5.1. Spain Classic Cars Market Estimates and Forecast, 2020-2032 (US$ Bn)
    9.3.5.2. Spain Classic Cars, By Function, 2020-2032 (US$ Bn)
    9.3.5.3. Spain Classic Cars, By Vehicle, 2020-2032 (US$ Bn)
    9.3.6. Rest of Europe
    9.3.6.1. Rest of Europe Classic Cars Market Estimates and Forecast, 2020-2032 (US$ Bn)
    9.3.6.2. Rest of Europe Classic Cars, By Function, 2020-2032 (US$ Bn)
    9.3.6.3. Rest of Europe Classic Cars, By Vehicle, 2020-2032 (US$ Bn)
  10. Asia Pacific Classic Cars Market Analysis
    10.1. Asia Pacific Classic Cars Market, By Function, 2020-2032(US$ Bn)
    10.1.1. Overview
    10.1.2. SRC Analysis
    10.2. Asia Pacific Classic Cars Market, By Vehicle, 2020-2032(US$ Bn)
    10.2.1. Overview
    10.2.2. SRC Analysis
    10.3. Asia Pacific Classic Cars Market, by Country, 2020-2032 (US$ Bn)
    10.3.1. China
    10.3.1.1. China Classic Cars Market Estimates and Forecast, 2020-2032 (US$ Bn)
    10.3.1.2. China Classic Cars, By Function, 2020-2032 (US$ Bn)
    10.3.1.3. China Classic Cars, By Vehicle, 2020-2032 (US$ Bn)
    10.3.2. Japan
    10.3.2.1. Japan Classic Cars Market Estimates and Forecast, 2020-2032 (US$ Bn)
    10.3.2.2. Japan Classic Cars, By Function, 2020-2032 (US$ Bn)
    10.3.2.3. Japan Classic Cars, By Vehicle, 2020-2032 (US$ Bn)
    10.3.3. India
    10.3.3.1. India Classic Cars Market Estimates and Forecast, 2020-2032 (US$ Bn)
    10.3.3.2. India Classic Cars, By Function, 2020-2032 (US$ Bn)
    10.3.3.3. India Classic Cars, By Vehicle, 2020-2032 (US$ Bn)
    10.3.4. South Korea
    10.3.4.1. South Korea Classic Cars Market Estimates and Forecast, 2020-2032 (US$ Bn)
    10.3.4.2. South Korea Classic Cars, By Function, 2020-2032 (US$ Bn)
    10.3.4.3. South Korea Classic Cars, By Vehicle, 2020-2032 (US$ Bn)
    10.3.5. South-East Asia
    10.3.5.1. South-East Asia Classic Cars Market Estimates and Forecast, 2020-2032 (US$ Bn)
    10.3.5.2. South-East Asia Classic Cars, By Function, 2020-2032 (US$ Bn)
    10.3.5.3. South-East Asia Classic Cars, By Vehicle, 2020-2032 (US$ Bn)
    10.3.6. Rest of Asia Pacific
    10.3.6.1. Rest of Asia Pacific Classic Cars Market Estimates and Forecast, 2020-2032 (US$ Bn)
    10.3.6.2. Rest of Asia Pacific Classic Cars, By Function, 2020-2032 (US$ Bn)
    10.3.6.3. Rest of Asia Pacific Classic Cars, By Vehicle, 2020-2032 (US$ Bn)
  11. Latin America Classic Cars Market Analysis
    11.1. Latin America Classic Cars Market, By Function, 2020-2032(US$ Bn)
    11.1.1. Overview
    11.1.2. SRC Analysis
    11.2. Latin America Classic Cars Market, By Vehicle, 2020-2032(US$ Bn)
    11.2.1. Overview
    11.2.2. SRC Analysis
    11.3. Latin America Classic Cars Market, by Deployment, 2020-2032(US$ Bn)
    11.3.1. Overview
    11.3.2. SRC Analysis
    11.4. Latin America Classic Cars Market, by Country, 2020-2032 (US$ Bn)
    11.4.1. Brazil
    11.4.1.1. Brazil Classic Cars Market Estimates and Forecast, 2020-2032 (US$ Bn)
    11.4.1.2. Brazil Classic Cars, By Function, 2020-2032 (US$ Bn)
    11.4.1.3. Brazil Classic Cars, By Vehicle, 2020-2032 (US$ Bn)
    11.4.2. Mexico
    11.4.2.1. Mexico Classic Cars Market Estimates and Forecast, 2020-2032 (US$ Bn)
    11.4.2.2. Mexico Classic Cars, By Function, 2020-2032 (US$ Bn)
    11.4.2.3. Mexico Classic Cars, By Vehicle, 2020-2032 (US$ Bn)
    11.4.3. Rest of Latin America
    11.4.3.1. Rest of Latin America Classic Cars Market Estimates and Forecast, 2020-2032 (US$ Bn)
    11.4.3.2. Rest of Latin America Classic Cars, By Function, 2020-2032 (US$ Bn)
    11.4.3.3. Rest of Latin America Classic Cars, By Vehicle, 2020-2032 (US$ Bn)
  12. Middle East and Africa Classic Cars Market Analysis
    12.1. Middle East and Africa Classic Cars Market, By Function, 2020-2032(US$ Bn)
    12.1.1. Overview
    12.1.2. SRC Analysis
    12.2. Middle East and Africa Classic Cars Market, By Vehicle, 2020-2032(US$ Bn)
    12.2.1. Overview
    12.2.2. SRC Analysis
    12.3. Middle East and Africa Classic Cars Market, by Deployment, 2020-2032(US$ Bn)
    12.3.1. Overview
    12.3.2. SRC Analysis
    12.4. Middle East and Africa Classic Cars Market, by Country, 2020-2032 (US$ Bn)
    12.4.1. GCC Countries
    12.4.1.1. GCC Countries Classic Cars Market Estimates and Forecast, 2020-2032 (US$ Bn)
    12.4.1.2. GCC Countries Classic Cars, By Function, 2020-2032 (US$ Bn)
    12.4.1.3. GCC Countries Classic Cars, By Vehicle, 2020-2032 (US$ Bn)
    12.4.2. South Africa
    12.4.2.1. South Africa Classic Cars Market Estimates and Forecast, 2020-2032 (US$ Bn)
    12.4.2.2. South Africa Classic Cars, By Function, 2020-2032 (US$ Bn)
    12.4.2.3. South Africa Classic Cars, By Vehicle, 2020-2032 (US$ Bn)
    12.4.3. Rest of Middle East and Africa
    12.4.3.1. Rest of Middle East and Africa Classic Cars Market Estimates and Forecast, 2020-2032 (US$ Bn)
    12.4.3.2. Rest of Middle East and Africa Classic Cars, By Function, 2020-2032 (US$ Bn)
    12.4.3.3. Rest of Middle East and Africa Classic Cars, By Vehicle, 2020-2032 (US$ Bn)
  13. Company Profiles
    13.1. Mercedes-Benz
    13.1.1. Company Overview
    13.1.2. Products/Services Portfolio
    13.1.3. Geographical Presence
    13.1.4. Financial Summary
    13.1.4.1. Market Revenue and Net Profit (2019-2021)
    13.1.4.2. Business Segment Revenue Analysis
    13.1.4.3. Geographical Revenue Analysis
    13.2. Citroen Ds
    13.3. Chevrolet
    13.4. Lamborghini
    13.5. Lincoln Continental
    13.6. Cadillac
    13.7. Toyota
    13.8. Buick Riviera
    13.9. Cadillac Eldorado Brougham
    13.10. Others

List of Figures

FIG. 1 Global Classic Cars Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Classic Cars Market Segmentation
FIG. 4 Global Classic Cars Market, By Function, 2021 (US$ Bn)
FIG. 5 Global Classic Cars Market, By Vehicle, 2021 (US$ Bn)
FIG. 6 Global Classic Cars Market, by Geography, 2021 (US$ Bn)
FIG. 7 Attractive Investment Proposition, By Function, 2021
FIG. 8 Attractive Investment Proposition, By Vehicle, 2021
FIG. 9 Attractive Investment Proposition, by Geography, 2021
FIG. 10 Global Market Share Analysis of Key Classic Cars Market Manufacturers, 2021
FIG. 11 Global Market Positioning of Key Classic Cars Market Manufacturers, 2021
FIG. 12 Global Classic Cars Market Value Contribution, By Function, 2021 & 2032 (Value %)
FIG. 13 Global Classic Cars Market, By Electric, Value, 2020-2032 (US$ Bn)
FIG. 14 Global Classic Cars Market, By Hydraulic, Value, 2020-2032 (US$ Bn)
FIG. 15 Global Classic Cars Market, by Pneumatic, Value, 2020-2032 (US$ Bn)
FIG. 16 Global Classic Cars Market Value Contribution, By Vehicle, 2021 & 2032 (Value %)
FIG. 17 Global Classic Cars Market, By Passenger Cars, Value, 2020-2032 (US$ Bn)
FIG. 18 Global Classic Cars Market, By Light Commercial Vehicles, Value, 2020-2032 (US$ Bn)
FIG. 19 Global Classic Cars Market, By Heavy Commercial Vehicles, Value, 2020-2032 (US$ Bn)
FIG. 20 U.S. Classic Cars Market, 2020-2032 (US$ Bn)
FIG. 21 Canada Classic Cars Market, 2020-2032 (US$ Bn)
FIG. 22 Germany Classic Cars Market, 2020-2032 (US$ Bn)
FIG. 23 France Classic Cars Market, 2020-2032 (US$ Bn)
FIG. 24 U.K. Classic Cars Market, 2020-2032 (US$ Bn)
FIG. 25 Italy Classic Cars Market, 2020-2032 (US$ Bn)
FIG. 26 Spain Classic Cars Market, 2020-2032 (US$ Bn)
FIG. 27 Rest of Europe Classic Cars Market, 2020-2032 (US$ Bn)
FIG. 28 China Classic Cars Market, 2020-2032 (US$ Bn)
FIG. 29 Japan Classic Cars Market, 2020-2032 (US$ Bn)
FIG. 30 India Classic Cars Market, 2020-2032 (US$ Bn)
FIG. 31 South Korea Classic Cars Market, 2020-2032 (US$ Bn)
FIG. 32 Southeast Asia Classic Cars Market, 2020-2032 (US$ Bn)
FIG. 33 Rest of Asia Pacific Classic Cars Market, 2020-2032 (US$ Bn)
FIG. 34 Latin America Classic Cars Market, 2020-2032 (US$ Bn)
FIG. 35 Brazil Classic Cars Market, 2020-2032 (US$ Bn)
FIG. 36 Mexico Classic Cars Market, 2020-2032 (US$ Bn)
FIG. 37 Rest of Latin America Classic Cars Market, 2020-2032 (US$ Bn)
FIG. 38 Middle East & Africa Classic Cars Market, 2020-2032 (US$ Bn)
FIG. 39 GCC Countries Classic Cars Market, 2020-2032 (US$ Bn)
FIG. 40 South Africa Classic Cars Market, 2020-2032 (US$ Bn)
FIG. 41 Rest of Middle East and Africa Classic Cars Market, 2020-2032 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Classic Cars Market
TABLE 2 Global Classic Cars Market, by Competitive Benchmarking, 2021
TABLE 3 Global Classic Cars Market, by Geographical Presence Analysis, 2021
TABLE 4 Global Classic Cars Market, by Key Strategies Analysis, 2021
TABLE 5 Global Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 6 Global Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 7 North America Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 8 North America Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 9 North America Classic Cars Market, by Country, 2020-2032 (US$ Bn)
TABLE 10 US Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 11 US Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 12 Canada Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 13 Canada Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 14 Europe Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 15 Europe Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 16 Europe Classic Cars Market, by Country, 2020-2032 (US$ Bn)
TABLE 17 Germany Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 18 Germany Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 19 France Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 20 France Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 21 UK Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 22 UK Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 23 Italy Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 24 Italy Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 25 Spain Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 26 Spain Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 27 Rest of Europe Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 28 Rest of Europe Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 29 Asia Pacific Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 30 Asia Pacific Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 31 Asia Pacific Classic Cars Market, by Country, 2020-2032 (US$ Bn)
TABLE 32 China Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 33 China Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 34 Japan Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 35 Japan Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 36 India Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 37 India Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 38 South Korea Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 39 South Korea Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 40 South East Asia Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 41 South East Asia Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 42 Rest of Asia Pacific Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 43 Rest of Asia Pacific Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 44 Latin America Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 45 Latin America Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 46 Latin America Classic Cars Market, by Country, 2020-2032 (US$ Bn)
TABLE 47 Brazil Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 48 Brazil Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 49 Mexico Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 50 Mexico Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 51 Rest of Latin America Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 52 Rest of Latin America Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 53 Middle East and Africa Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 54 Middle East and Africa Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 55 Middle East and Africa Classic Cars Market, by Country, 2020-2032 (US$ Bn)
TABLE 56 GCC Countries Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 57 GCC Countries Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 58 South Africa Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 59 South Africa Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)
TABLE 60 Rest of Middle East and Africa Classic Cars Market, By Function, 2020-2032 (US$ Bn)
TABLE 61 Rest of Middle East and Africa Classic Cars Market, By Vehicle, 2020-2032 (US$ Bn)

 

Frequently Asked Questions

What is the current size of the Classic Cars Market?

The market was valued at USD 39.7 billion in 2024 and is projected to reach USD 77.8 billion by 2032, growing at a CAGR of 8.7% during the forecast period.

What factors are driving the growth of the Classic Cars Market?

Key drivers include increasing investment interest, rising disposable incomes, the expansion of online auction platforms, a growing appreciation for automotive heritage, and the rise of electric conversions for vintage cars.

What are the key segments within the Classic Cars Market?

The market is segmented by Condition (Concours, Excellent, Good, Fair, Poor), Drive Train (Manual, Automatic, Semi-Automatic), Type (Sports Car, Sedan, Coupe, Convertible, SUV, Truck), Era (Pre-War, Post-War, Muscle Car, Modern Classic), and Engine Size.

What are some challenges faced by the Classic Cars Market?

Challenges include high maintenance and restoration costs, regulatory restrictions on emissions, limited availability of original parts, and evolving safety and environmental compliance requirements.

Who are the major players in the Classic Cars Market?

Key players include Mercedes-Benz, Chevrolet, Lamborghini, Cadillac, Toyota, Buick Riviera, Citroen DS, Lincoln Continental, Cadillac Eldorado Brougham, and Buick Skylark, along with major auction houses like RM Sotheby’s and Bonhams.

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