Lenders Are Looking to Fuel Classic Car Buying

The 30-year-old Sotheby’s Financial Services, which has mostly helped people finance art transactions, is now turning to classic cars, a move that underscores the booming interest in and the value of certain collectible vehicles.

Classic cars haven’t traditionally been seen as the same kind of established, alternative asset as real estate holdings, jewelry, or valuable art. But as collectible car values have soared, the thinking has begun to change.