Blue Chip

Index of the Automotive A-List

Three of the eleven most expensive cars to ever publicly sell did so in August 2018 (RM Sotheby’s sold a 1962 Ferrari 250 GTO and 1956 Ferrari 290 MM Spider for $48.405m and $22.05m respectively, and Gooding & Company sold a 1935 Duesenberg SSJ for $22m). That sensational headline, though, conceals the fact that cars at the top of the market with anything less than the best history and provenance are slightly stalled. The sell-through rate for million-dollar cars at auction is at a nine-year low and total sales of million-dollar cars at auction are the weakest they have been since 2012. It is true that these cars are returning to trading privately, but these facts also reflect that buyers at this level continue to be shrewd in their spending. Hagerty’s Blue Chip Index has been unchanged for the last year—the longest such stretch in its 12-year existence.

The biggest mover was the Toyota 2000GT, which fell 9 percent, continuing its steady slide over the past four years. All other changes were minor with only 8 of the index’s 25 cars changing value, and none doing so at a clip greater than 3 percent.

-Brian Rabold, January 2019

The Hagerty "Blue Chip" Index of the Automotive A-List is a stock market style index that averages the values of 25 of the most sought-after collectible automobiles of the post-war era. The list below shows the cars that make up the index, while the graph to the left shows this index’s average value over the years. Values are for #2 condition, or “excellent” cars.

The term "Blue Chip" at one time referred to the highest value chip at a casino. Since the 1920s, "blue chip" has been a stock market term for the most stable and consistent stocks.

This index includes