One thing I’ve done quite well with over the last few decades is old stuff (I know, I’m supposed to be future orientated, but I just can’t help myself). Old cars have always been a passion, so I’ve been watching prices climb with a mixture of astonishment and delight. It’s only a bubble when it bursts, as they say, but I’m inclined to think that with the exception of the top end we might be seeing a major adjustment shortly. Not everyone agrees.

According to Max Girado, MD of RM Auctions Europe: “It is not a bubble as such. I think some cars will stop increasing in value, but the market won’t come crashing down.” Maybe Max is right. But it’s crashed before and I strongly suspect that it will again. The only real question is when?