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Pink Floyd drummer Nick Mason is a member and for only $500,000, you could be too. IGA Automobile is hoping to lure wealthy investors with the prospect of becoming even richer by cashing in on the rising value of classic cars. Purportedly the worlds first classic car fund, IGA hopes to raise $150 million by this April, according to a story published in The Telegraph

Once this goal is reached the fund will systematically begin targeting ultra high-end classics, like the Ferrari 250 GTO and Aston Martin DB4 Zagato. Both vehicles buy for millions of dollars when they come to market. Last year, RM Auctions found a buyer willing to pay approximately $20 million for a 1963 Ferrari GTO.

As people get fed up with paper assets they have gone back to physical assets, said Ray Bellm, co-founder of the fund and former chairman of the British Racing Drivers Club, as quoted by The Telegraph. With emerging nations gaining more and there is increasing demand for cars. They are pieces of art.

This kind of corporate-tinged comment all but guarantees that the cars purchased by IGA Automobile arena going to be used for very comfortable runs or getting the kids to school. Auto enthusiasts will undoubtedly cringe at the idea of priceless classics being bought and sold like common stock, for pure financial gain.

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