SHARE Are classic cars an investment? Some would say that’s the $70 million question. Why $70m? That’s how much a 1963 Ferrari 250 GTO sold for at auction in 2018, making it one of, if not the, most expensive classic car ever sold. Aside from the rarefied stratosphere of hyper-valuable 250 GTOs, could you actually grow your money by buying old motors? Let’s get the small print out of the way first: as with any investment, there are risks, and with classic cars you need to keep in mind the storage, maintenance and insurance costs, plus repair and restoration expenses, particularly if you intend to drive them.