Reports

What we have written down

The standing report on the market, drawn from the database each time it is rebuilt, and the research notes the partners write before any car is considered. Sent to qualified investors on request.

Porsche 911 GT1 Straßenversion, 25 built

The standing report

The market in figures, 2011 to October 2026

Rebuilt from the database on each pull. Every figure is the market’s record of these models, not a trade of any fund.

43,377: auction results in the database, pulled 10 November 2026. 1,135 of them are sales of the thirty-nine models.
4.6×: what the 24 models that fit the rule were worth by February 2026 against their 2014 price. The 15 that did not fit: 1.4×.
2.77×: median multiple for cars sold after ten years or more, against 1.80× for five to nine years.
10.9%: a year, the median compounding of the cars that fit the rule, against 5.4% for the ones that did not.
2: of the thirty-nine models lost money over their window: the McLaren P1 and the McLaren Senna. Disclosed because a record with no losses would not be a record.

A white Porsche 918 Spyder — Porsche 918 Spyder, 918 built

Research notes

Written before any car is considered

Each note reads a model whole: its best examples at auction, the cars it has followed in the past, what its specification is worth, and a ten-year path. Verdicts and prices stay in the notes.

November 2026

Lexus LFA Nürburgring Package: due diligence

One car, offered privately, read against every recorded sale and no-sale of the model. Best-example comparables, the Carrera GT and F50 as analogues for a V10 the industry no longer builds, and a ten-year path in bear, base and bull form.

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November 2026

Ferrari 458 Speciale: target note

The last naturally aspirated mid-engined V8 Ferrari, read against the 430 Scuderia and the 16M as analogues. A value under the Sabas valuation standard, the evidence behind it, and a ten-year fan.

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November 2026

Porsche GT department, 996 to 997

The 997 GT2 RS, the 997 GT3 RS 4.0 and the 996 GT2, three cars from one department read against each other: which the record supports, which it does not, and why. With a note on the Mercedes-Benz CLK DTM AMG, coupé and cabriolet.

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October 2026

Where sentiment is going, 2027 to 2036

Projections by model from the sales record and present sentiment: which cars have already had their spike and are settling, which have not, and what that does to the price worth paying today.

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October 2026

Five cars worth underwriting now

The 458 Speciale Aperta, the SLS AMG Black Series, the 430 Scuderia Spider 16M, the 550 Barchetta and the Carrera GT, each with its record, its analogues and the price at which the ten-year case still holds.

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The notes are the manager’s own research, written for the partners. They are not offers, and the figures in them are readings of the market, not trades. The record shows the data they are built on.