For most people, automobiles are used for practical purposes. A lucky few drive expensive status symbols.
But then there's the rare breed: the collector with one or even a stable full of rare, collectible cars. For these buyers, automobiles are a treasure. And an investment. For example, in May 2010, an unnamed buyer paid a record $30-plus million for a 1936 Bugatti Type 57SC Atlantic. The previous owner had purchased the car in 1971 for $59,000 — a hefty price at the time, no doubt — but a pretty nice rate of return at almost 17 percent annually.
But what cars made today, or more specifically in the last 20 years, will become the 1936 Bugatti of the future? We asked McKeel Hagerty, a car afficionado and CEO of Hagerty Insurance, the leading insurer of rare and collectible automobiles and boats, which cars he thinks will lead the field when it comes to investing.
Click ahead for Hagerty's picks. The top 10 most collectible cars of the future.
By Constance Parten, Senior Producer
Posted 27 December 2010