When the 1962 Ferrari 250 GTO was auctioned off for more than 48 million dollars at RM Sotheby\u2019s Auction on August 25, 2018, many raised their eyebrows due to the astonishing amount of money some people are willing to pay for cars over the age of 30 years. Cars tend to be considered a \u201cbad investment\u201d, as their value drops sharply after purchase and solely human emotions give them their true \u201cintrinsic value\u201d. But maybe it is in fact this emotional connection to cars which makes them so attractive from an investment standpoint. Classic cars are often sold and purchased through a variety of different channels, their value is estimated by different models and in overall the industry is very regionally fragmented. The tokenization of these assets could cope with mentioned issues and lead to a standardized, equally fair system. Therefore further boosting this precious industry. \u2014How issuer and investor can benefit from tokenization of classic carsInvesting into alternative assets like classic cars can have major advantages compared to traditional investments. After experiencing a high degree of volatility in the stock and currency markets amid the Covid-19 pandemic, aspects like store of value became increasingly relevant when looking for investments. Classic cars provide an efficient hedge against inflation and consequently inherit the role of storing value. When tokenized, ownership in classic cars and other illiquid assets can be distributed, since partial ownership is enabled. This creates perfect conditions for a diversified portfolio to minimize risks. Now even retail investors can participate in investing as they can easily acquire fractions of the typically expensive vintage cars. This will lead to a far greater capital influx, due to the fact that classic cars are morphed into 24\/7, peer-to-peer tradable assets for everyone. It is furthermore easily conductible to liquidate your assets at\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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