Looking for a place to park that retirement cash? Find a Porsche crest.
Last year, the average sale price for 1974-1977 Porsches increased by 154 percent, according to Bloomberg — and the prices aren’t expected to drop anytime soon, according to the report.
“European sports cars in general have been on a real rise in the last couple of years,” Gord Duff, from RM Sotheby’s, told Bloomberg. “Ferraris lead the way and then you go to the next greatest European sports cars, which are Mercedes, and then you get to Porsches. If we are saying Mercedes have peaked, Porsches are the next best thing.” (Read More…)