Over the last decade or so, global values in the classic, vintage and collectible car market have improved significantly. This perpetual increase in values has seen record prices achieved regularly at auctions around the world.
What drove a market to become a significant economy in such a short period of time, on the back of very little quantifiable or reliable information ?
It was this lack of data that prompted Dietrich Hatlapa to found the Historical Automobile Group International (HAGI) in 2007.
HAGI is now a leading independent investment research house and think-tank with specialised expertise in the rare classic motorcar sector.
The purpose of its approach is to lend transparency to the sector and enable market participants to make informed decisions based on data driven fundamentals.
In this endeavour, Dietrich and HAGI developed the HAGI Indices, benchmarks which track this alternative asset class accurately for the first time. The HAGI Indices use rigorous financial methodology usually associated with more traditional investments.
HAGI Value in the Classic Car Market Conference (VCCM)
Further to these indices, HAGI created the VCCM (Value in the Classic Car Market) conference. VCCM is a platform which encourages conversations and the sharing of information related specifically to a complex economy often driven by emotion, passion, curiosity as well as a desire to make a return on investments.
The VCCM conference facilitates the flow of information on trends, benefits, pitfalls and aims to equip the individual with the tools necessary to make informed decisions.
Conference attendance typically ranges from the highly experienced collector, investor and service providers, right down to novices and enthusiasts looking to participate.
HAGI’s VCCM conferences were held in 2014, 2015 and 2016 together with the Tuck School of Business at Dartmouth College and Centre for Private Equity and Entrepreneurship at Tuck in Hanover, USA.
VCCM South Africa
The South African classic car market is in itself very complex and deals with supply and demand constraints and prices unrelated to international values. The VCCM aims to bring meaning and insight in local context to participants.
The inaugural HAGI VCCM Conference was held to great acclaim in August 2017 during Concours South Africa in Sun City.
Attendees experienced a blend of expert opinion and guidance from local and international classic car authorities and thought leaders.
In building on the success of the 2017 conference, event organisers are planning a bigger and better conference in 2018.
The 2018 VCCM conference, scheduled for late August in Sandton, Johannesburg, will cover a broad range of topics and attract another impressive line-up of speakers.
Topics will include discussions around the local classic car market, classic car indices, import regulations, considerations for insuring a collectable and appreciating asset, restorations, ownership best practice as well as trust and estate planning for collectable assets, just to name a few.
The organisers are also planning to bring out the heads of various manufacturer classic departments to talk about their respective continuity programmes, these may include heads from Jaguar Classic, Mercedes Benz Classic, Lamborghini Polostorico and Porsche Classic.
Although the focus will be on classic cars, the VCCM conference will this year include contributions from experts on other collectable assets such as fine art, wine, whiskey, watches and more.
Who Should Attend
- Classic Car Owners
- Alternative Asset Wealth Managers
- Classic Car Industry Roll Players
- Servicing Centres
- Generally curious