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Collectors mean a new lease of life for classic motorbikes

© Bonhams
Classic cars make the big noise in the newspapers. Given that a 1962 Ferrari 250 GTO sold for almost $50m in 2018, it’s not hard to see why. But collectors could be missing out on a related market that has also been “quietly” appreciating in recent years – classic motorbikes.
Some vintage bikes, like their four-wheeled brethren, do, of course, sell for eye-watering sums. Take, for instance, the 1936 Brough Superior 982C SS100 (pictured) that fetched £276,000 with Bonhams at Bicester Heritage in Oxfordshire last month. During the weekend-long sale, which raised £3m, two marque records for a Sunbeam and Norton F1 motorcycle were set. But on the whole, classic motorcycles tend to be a lot more affordable, which is ideal for collectors just getting started. There’s even a tax advantage. Like classic cars, they are considered to be “wasting assets” by the taxman, which exempts them from capital gains tax. And they also take up less space in the gara ....

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News in pictures: Tuesday December 15, 2020

News in pictures: Tuesday December 15, 2020
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