Agent 007 isn’t the only reason Aston Martins hold value

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Aston Martin. The name alone makes you think of James Bond and Le Mans, and is emblematic of the golden age of sports and GT cars.

Over the past decade, the values of cars from Aston Martin have skyrocketed, with many models doubling and tripling in value. Even during the recession, Aston Martins held their value and — unlike Ferraris, Maseratis and Porsches — even continued to increase that value.

Here are three examples of that value trend, with data from the Hagerty Price Guide:

 

  • In 2006, a No. 2 condition example of an Aston Martin DBS had a value of around $47,500. In 2009, during the market correction, it cost $45,000. In 2012, such cars cost $91,000. Today, that same car is now worth $148,000.
  • Now consider the S2 V8 Vantage coupe. In 2006, the V8 Vantage in No. 2 condition could be bought for $98,000. In 2009, that same car would change hands for $126,000. Currently, that car is worth $254,000.
  • The big winner, however, is the Aston Martin DB5. In 2006, you could get a No. 2 condition example for $248,000. During the downturn of 2008, that same car cost $350,000. Today, it likely takes $1.15 million to add one to your collection.

 

Image Credit: Aston Martin Lagonda Global Holdings plc.

History, racing and 007

To underscore the increase in desirability of Aston Martins, consider that a 1971 Plymouth Hemi ‘Cuda coupe was selling for $1.1 million in 2006, dropped to $228,000 by 2009 and has climbed back to only around $400,000 today.

Additionally, consider that a Ferrari 275 GTB 2-cam in No. 2 condition typically changed hands for $755,000 in 2007, but in 2009 had dropped in value to around $540,000. Today, they have soared to nearly $2 million.

So, what has caused such stability and increase in Aston Martin values?

After discussing this trend with various Aston experts — a dealer, an auction specialist, a historian and the head of Aston’s heritage car department — my conclusion is that there are three major reasons.

The first is the history of the marque. The second is the racing pedigree. The third is “the James Bond effect.”

Image Credit: Aston Martin Lagonda Global Holdings plc.

Heirlooms on wheels

“The market for Aston Martin cars will always put a premium on the DB5,” said Don Rose, the second-most interesting man in the world, former specialist at RM Sotheby’s and a serial Aston Martin owner. Rose has owned some of the greatest Astons in history, including one of the holy grail cars in the Aston Martin pantheon: A DB4 GT.

“If it weren’t for 007, the DB5 would be the proverbial middle child and be the less-expensive model,” he added. “The DB6 is the most refined and without the ‘007 effect’ would possibly be more valuable than the DB5.”

“The DB5 is neither fish nor fowl, but this does not seem to matter,” Rose said. “It’s because of the most famous movie car tie-in that made the DB5 the most famous car in the world and continues to drive the market. The DB5 is the Ferrari 275 GTB of the Aston world.

“Ferraris tend to trade often, and these trades are market-driven, where Astons are more family heirlooms and trade less frequently. As a result, these cars hold their values, making Astons a more stable car investment.”

Rose’s pick as the best buy on a classic Aston today is the DB6.

“If you are looking for a market opportunity, the DB6 is anywhere from one-third to one-half the cost of a DB5, which happened during the downturn, which was an over-reaction. If you were to buy a car to take advantage of a market correction, the DB6 has over-corrected.

“The DB4 to me is the under-appreciated model,” Rose added, citing its sporting character and racing history. “In contrast, there is little more than one flavor of DB5, basically is it a Vantage or not. As a result, the more-informed collectors are looking for a DB4.”

Image Credit: RM Sotheby’s.

A car that stands out

Next, I spoke with Matthew Ivanhoe, owner of The Cultivated Collector in Connecticut and an expert in the Aston marque. He too owns a DB4.

“Aston Martin cars are the gentleman’s sports car in a world of Ferrari craziness,” he said, adding that Aston Martins might especially appeal to “new collectors who have been in the hobby for 10 years and are looking for something that stands out. These cars are wonderful to see and to use and have wonderful heritage. The Astons check so many boxes in so many categories.”

Ivanhoe’s outlook on the future of the Aston market is positive.

”I feel that the future is very, very bright,” he said. “Things like the DB4GT and special edition cars all have wonderful futures with great legs. Someone with a DB6 auto coupe has been the beneficiary of a market that has taken these lesser examples upwards as well, and cars like that are a bit flat today.”

Concerning the more-recent cars, “Astons such as the Vanquish, the last Newport Pagnel hand-built car, is not going to be as inexpensive as they are now much longer. The V12 Vantage also has headroom in today’s market due to limited production and an epic driving experience.”

As for opportunities in the market at the high end, “the AR1 and other modern Zagato cars are undervalued, especially the DB7 Coupe Zagato. On the lower end of the market, the DB7, especially in coupe form, represents an excellent value in today’s classic car market.”

Image Credit: RM Sotheby’s.

Very good bones

Nick Candee is co-author of the magnum opus The Aston Martin DB4 GT and a historical expert on the marque.

“First, these cars have very good bones,” he said. “These are hand-built cars that were constructed with great precision and, as a result, are rebuildable all day long. When you look at the noble ingredients that go into it, (such as a) steel chassis with an aluminum body, what you get is an amazingly built car.”

Another benefit, he said, is Aston Martin’s own historians, who make it easy to learn a car’s history, “making the odds of a fake Aston, say, a fake DB4 GT showing up, virtually impossible, unlike the replicated Ferrari cars that sometimes turn up. In addition, the factory can also supply you a copy of your original build documents for any post-war Aston Martin.”

As for the James Bond effect, “the DB5 is arguably the most wonderful product placement of all time,” Candee said. “Also, the DB5 is a grand touring car. It is fast. The Wilton carpets make it relatively quiet. It has 2 filler flaps for fuel, and the driving experience is not to be underestimated.”

Image Credit: Aston Martin Lagonda Global Holdings plc.

Lifestyle over status

Finally, I spoke with Paul Spires, president of Aston Martin Works, to get his perspective on why the classic Astons seem to be the most stable classic sporting cars in the market. Spires joined the company in the 1980s and has been through good years, bad years, very bad years and what looks to be a very good future.

“You have to take into account the kind of owners who buy an Aston,” he said. “The Aston fits into their lifestyles and is not a status symbol. Also, you take into account that there are a total of only 13,000 classic Astons in existence, and this is inclusive of the DB7 and the Vanquish. This leads to a very small market. This means it only takes a handful of heritage Astons to be sold to rock the values up in the market, which makes for more stable prices.

“Aston has done something different with their heritage car programming by setting up a global system to ensure that a heritage customer can get parts and service anywhere in the world,” he continued. “Aston has the ability to ship parts and mechanical specialists anywhere in the world to insure that heritage Astons can always be repaired.”

In addition, Aston offers continuation cars, such as the new DB4GT.

“These continuation series allows us to re-engineer parts and build better parts for the heritage cars, thus making these classic cars better than they were new, but not taking away the feel of them still being classic automobiles,” Spires said.

“In the future, the interest in our heritage cars will continue to increase due to a heritage Aston having huge amounts of soul. Driving an Aston is like wearing a very fine suit or wristwatch; it just brings about an idea of well-being. Again, it is not a lifestyle piece, but one of the most beautiful and storied cars in the world.

“The next gen in emerging markets are very excited about the heritage cars and are just discovering them. The effect on the rate of increased values due to these markets will be interesting. The reality of owning and driving a heritage Aston is that every time you drive one of these cars, you are mobbed when you park it.”

Image Credit: RM Sotheby’s.

The Mona Lisa of automobiles

Discussing the part that James Bond plays in the popularity of the Aston brand, Spires said, “You can’t underestimate the JB effect. Lord knows where Aston Martin would be without the placement of the DB5 in Goldfinger. Besides the placement in five different James Bond films, the DB5 is also one of the most beautiful cars sporting cars in the world, with perfect proportions, it is like the Mona Lisa of the automobile world.”

Spires’ pick for the best deal in the classic Aston market is the Vanquish.

“The Vanquish one of Ian’s (designer Ian Callum) best pieces and will have more interest in years to come.”

The additional fact that you can convert the SMG gearbox to a manual 6-speed for only around 20,000 pounds makes these cars a great value.

I’m among those who have great affinity for the Aston Martin brand. I’ve owned two: A 1969 DBS and a 1997 DB7 coupe. I bought both because I’m also a James Bond fan.

Believe it or not, the best time I had was in a DB7 as I took it on a pair of cross-country road trips to Monterey.

When I owned the DB7, we were living in Chicago, which precluded winter driving. However, I spent many hours behind the wheel while the car was parked in the garage. I remembered the epic high-speed runs in Nevada and the people who had questions about the cars everywhere I stopped.

This is something that I have not done in any other car I have owned (even Ferraris or Bentleys). The newness never wore off of the Astons and I sold both to stupidly buy something that momentarily caught my eye. I will own another, and I will do so soon.

This article originally appeared on ClassicCars.com and was syndicated by MediaFeed.org.

Image Credit: ClassicCars.com.

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