Alain Mestat and Laurent Lefebvre at the Rétromobile vintage car show in Paris on Tuesday
Launch of collectible car investment vehicle
Luxembourg-based company Art & Motion has launched a new investment vehicle dedicated exclusively to vintage cars and exceptional vehicles.
Promoters Laurent Lefebvre and Alain Mestat define collectible cars as “true objects of art, shaped by artisan craftsmen”. They say that the collectible car market has become a financial asset class in its own right.
“With a value increase of more than 350% in 10 years, this market has become an alternative investment class with little correlation to traditional asset classes, allowing for interesting portfolio diversification.” Art & Motion’s investment policy will be partly focused on the restoration and preservation of prestige cars.
Lefebvre, who is responsible for managing the investment vehicle, is the son of Oscar Lefebvre, founder of the prestigious Atelier des Côteaux vehicle restoration, and has been immersed in the world of vintage cars since childhood.
Alain Mestat, responsible for the operational management and marketing of the vehicle, is a former marketing and communication director at the Edmond de Rothschild Group and has more than 25 years of experience in finance.
The launch was announced at the Rétromobile classic car show in Paris on Tuesday. Art & Motion recommends short-term liquidity while targeting a net return for the investor over the long term of over 7% per annum. The company says this strategy plans to pay a dividend at the end of the second year of its launch.