9/25/2023 0 Comments Classic hedonic regression article![]() The risk-adjusted returns on the category of affordable classics are similar to those of equity investments.", 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. Investments in classic cars (12.50%) and Italian classics (11.28%) generate the highest annual nominal returns. Classic cars appreciated annually by 3.37% and 5.63%, respectively in real and in nominal terms before transaction costs. A hedonic pricing methodology is used to construct several classic car price indices, which enable a risk-return analysis. We examine a sample of 29,000 classic car auction sales conducted globally between 19. Abstract = "This paper investigates the price determinants and investment performance of classic cars comprising various categories starting from veteran cars (built between 18) up to modern classics (built between 19). ![]()
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