Historic Automobile Group

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The Historic Automobile Group International (HAGI) is a London-based [https://www.bloomberg.com/news/2011-05-30/mccartney-s-lamborghini-gt-for-sale-bacon-painting-may-fetch-18-million.html research organization] in the area of rare historic motorcars and collectors’ automobiles.{{cite news|last=Reyburn|first=Scott|url=https://www.bloomberg.com/news/2013-08-18/ferrari-nart-spyder-sets-27-5-million-auction-record.html|publisher=Bloomberg|accessdate=19 August 2013|title=Ferrari NART Spyder Sets $27.5 Million Auction Record|date=19 August 2013}} HAGI is known for its classic car market indices, which have been [http://www.ft.com/cms/s/0/738a0c22-9432-11de-9c57-00144feabdc0.html calculated since December 2008], based on a proprietary market capitalization formula called “survivor weighting”.

Founded in 2007 HAGI has strong established links with members of the financial industry in London, Asia and North America, as well as the sector for historic motorcars.

Founding members are Dietrich Hatlapa, a former managing director of ING Barings financial markets, Hardeep Sohanpal, a publishing expert and private aviation specialist. They were joined by David Selby, a senior writer and journalist in the classic car sector and index expert Bruce Johnson, an independent advisor to global financial companies and author of [http://eu.wiley.com/WileyCDA/WileyTitle/productCd-0470560460.html The Hedge Fund Fraud Case Book].

The purpose of the research initiative is to [https://www.bloomberg.com/news/2010-08-25/bugattis-sell-for-crazy-money-as-classic-cars-beat-s-p-500.html improve transparency] in the sector and create the initial foundations for an investment infrastructure into this long established area of ‘passion’ investment.

HAGI runs a proprietary database of actual transactions in the sector for rare classic cars. Data is sourced from four areas: Private transactions, dealer transactions, marque experts and auction results.{{cite news|last=Reyburn|first=Scott|url=https://www.bloomberg.com/news/2013-07-12/fangio-mercedes-racer-sets-29-7-million-auction-record.html|publisher=Bloomberg|accessdate=12 July 2013|title=Fangio Mercedes Racer Sets $29.7 Million Auction Record|date=12 July 2013}}

HAGI describes itself as an “[http://www.historicautogroup.com/ independent research house and think tank with specialized expertise in the rare classic motorcar sector]”.

HAGI claims more than 1,000 individual members from more than 15 countries.

The group has developed a set of professional indices (HAGI Indices) and releases index data on a monthly basis for five indices. HAGI Top{{cite news|title=Staff writer, New York|newspaper=The Economist|date=August 2013|pages=1|url=https://www.economist.com/news/finance-and-economics/21583662-investing-luxury-items-can-yield-high-returns-risks-are-commensurate-fruits|accessdate=17 August 2013}} and HAGI Top ex F&P are market indices whereas HAGI F (Ferrari), HAGI MBCI (Mercedes-Benz) and HAGI P (Porsche) are car marque specific indices. Index readings, other research results and market comments are published on its website [http://www.historicautogroup.com Historic Automobile Group], in the [http://www.ft.com/intl/cms/s/0/a62a918c-9d96-11e0-9a70-00144feabdc0.html#axzz1QNai7egF Financial Times], and in Octane Magazine, a classic car special interest magazine based in the UK.

HAGI has been involved in a number of academic papers focusing on the classic car market.

Founder Dietrich Hatlapa{{cite news|last=Reyburn|first=Scott|url=https://www.bloomberg.com/news/2013-04-08/emir-s-mercedes-may-top-15-million-boosted-by-fangio.html|publisher=Bloomberg|accessdate=9 August 2013|title=Christie's to Enter Mainland China Market: Art Buzz|date=9 April 2013}} published a [http://www.ypdbooks.com/business/378-better-than-gold-YPD00347.html reference book] about the classic car market in May 2011.