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Cars, jets and yachts

Gulf between seller and buyer expectations caused drop in sales of UK classic cars: report

December 18, 2023

Of the cars that rose in value, two decades stood out: the 1980s and 2010s. Image: Hagerty, copyright Matt Howell Of the cars that rose in value, two decades stood out: the 1980s and 2010s. Image: Hagerty, copyright Matt Howell

 

By Luxury Marketer Intelligence

Throughout 2023, British insurer Hagerty has tracked a correcting market where sellers’ expectations were not, in many cases, being met by potential buyers’ willingness to part with cash that had become more expensive to borrow.

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  1. Aimée Ann Lou embraces conscious couture with wholly sustainable luxury footwear across entire value chain
  2. African diasporic art show aims ambitiously to widen circle of private collectors beyond community 
  3. Argentina: Reopening of a sleeping giant for luxury
  4. LVMH ramps up presence in media with Paris Match acquisition
  5. Luxury value in China transitioning from external symbols to inner experience: Shanghai summit
  6. More listings, sales expected worldwide in 2025 as luxury segment continues outpacing general real estate market
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  8. Four Seasons outlines long-term growth strategy after 65-year run so far
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