Currency Solutions will adopt a “consultative approach” in working with clients, he added.

Currency Solutions was formed 14 years ago, while H&H was founded in 1993 by Simon Hope, devoted entirely to collectors’ cars and motorcycles. It has handled machines ranging from pre-20th century cars to Formula 1 motor racing machines. It is headquartered in Cheshire.

Recent data in the UK show a slight fall so far this year for major classic marques. According to Historic Automobile Group, or HAGI, its HAGI Top 50 benchmark fell by 0.32 per cent in February. Various sector indices, such as those tracking Ferraris, also fell.

Taylor Wessing, the law firm, last year issued a guide on collectibles and “trophy assets” – see here for one of its articles on cars.