COYS is enjoying the financial crysis

Posted by Car Magazine MotorPlay under Entertainment

Yes, it’s not just the Pope who’s jubilating at the thought of people loosing money, others are happy about the state of the global financial system. COYS, a London based auction house, is selling historic cars by the bucket.
From mid September, they have sold cars in a total estimate of 8.5 million dollars. That, I would call, good business, and so would Chris Routledge, the COYS Managing Director. Responsible for a good part of those 8.5 million USD is a 1955 Aston Martin DB3S, which sold for over 2 million pounds. In a selection of the other cars sold by COYS you can find a 1955 Mercedes-Benz 300SL Gullwing or a 1996 Ferrari F50 or a Lancia Aurelia B24 Spyder.
People seem more willing to invest in a classic car and put it to rest inside a garage than risk on the fluctuating stock market. And who can blame them.