Why Americans will overpay for Cuba's vintage cars

If you don't automatically think "cigars" when you hear "Cuba," you might instead be envisioning the classic old American cars that have become an iconic symbol of the island nation. Thanks to Fidel Castro's 1959 restriction on importing cars to Cuba, 50-year-old (and older) automobiles still cruise the streets of Havana.
 
Now that relations between the United States and Cuba are easing and Cuba has lifted restrictions on bringing in new cars, some of those vintage mid-century vehicles could make their way to U.S. collectors, according to Bloomberg Businessweek.
 
But it probably won't be car collectors who purchase the Cuban relics. Folks who collect automobiles want mint-condition cars with very low miles. Cars in Cuba tend to be mash-ups of whatever replacement parts the owners could acquire under Cuban law, and also typically have very high miles. Instead, art collectors are the expected audience for the vintage rides.

Read more from Bloomberg Businessweek.