The wealth intelligence firm New World Wealth, in collaboration with Steyn City Parkland Residence, has released a report outlining the top 10 hobbies for high net worth individuals in South Africa.
The list features activities such as golf and cycling near the top, and art and watch collecting also found their way in.
The 8th spot is what caught our attention, however, as it firmly stated that rich South Africans like collecting classic cars.
Unusual investments
According to in-house data from New World Wealth, the prices of classic cars have risen by over 90% in the past decade – making them one of the best investment classes for wealthy individuals across the globe.
The top five performers came as no surprise, as they have been some of the most sought-after vehicles since their releases.
The top individual performers (in US dollars) over the past 10 years are as follows:
- Lamborghini Countach – up 250%
- Ferrari 250 GT California – up 240%
- Ferrari 250 GTO – up 230%
- Lamborghini Miura – up 200%
- McLaren F1 – up 200%
As these cars saw the most growth, they also steadily climbed their way up the exclusivity ladder and can now be found within the top 12 most exclusive cars for collectors.
These cars, along with the rest of the list, can be found below.
Ferrari 250 GTO
- Price – $20,000,000
- Era – 1962 to 1964
Ferrari 250 GT California
- Price – $18,000,000
- Era – 1957 – 1964
Bugatti Royale
- Price – $15,000,000
- Era – 1926-1933
McLaren F1
- Price – $8,000,000
- Era – 1993 to 1998
Porsche 550 Spyder
- Price – $2,500,000
- Era – 1953 to 1956
Mercedes Gullwing 300sl
- Price – $1,500,000
- Era – 1954 to 1963
Porsche 959
- Price – $1,500,000
- Era – 1986 to 1993
Ferrari F40
- Price – $1,400,000
- Era – 1987 to 1992
Aston Martin DB4
- Price – $1,400,000
- Era – 1958 to 1963
Aston Martin DB5
- Price – $1,100,000
- Era – 1963 to 1966
Lamborghini Miura
- Price – $800,000
- Era – 1969 to 1971
Lamborghini Countach
- Price – $500,000
- Era – 1974 to 1978
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