Alfa Romeo Spider (105/115)

The Alfa Romeo Spider 105/115 has posted strong appreciation over the past year, with the median price climbing 25 percent to £24,542 as of the latest reporting period. A HOLD signal reflects the car's solid upward trajectory balanced against thin liquidity and the early-stage nature of the current cycle.

Market transactions remain sparse, with nine total sales tracked and eight recorded in the past twelve months. This thin liquidity constrains price discovery and means individual sales can move the median meaningfully, though the consistent upward direction suggests genuine demand rather than noise.

The typical Spider transacting in the UK carries minimal mileage—averaging just 1,250 miles—indicating that most sales involve low-use examples or careful restorations rather than everyday drivers. This low-mileage bias reflects collector mentality and should be factored into pricing for any higher-mileage example.

Classified as a stable modern classic with collectible status, the Spider occupies a well-defined segment. Production figures are not readily available, but the model's 50-year production run and Italian sports-car heritage ensure steady appeal among enthusiasts and investors alike.

Base case projections point to £41,552 over three years and £49,567 over five years, implying gains of 69 and 102 percent respectively. The confidence in these projections is rated high, driven by the combination of strong recent momentum, collector acceptance, and relatively low transaction volume leaving room for price normalization upward.

The absence of active listings reinforces the thin market characterization; buyers seeking entry should expect to pursue private sales or wait for auctions. Over the medium term, improved visibility and continued European interest in Italian roadsters should provide structural support, though the early-cycle nature of this appreciation warrants caution about momentum extrapolation.