Abstract
0
Highlights
The current market environment for capital investments is shaped by the persistently low interest rate environment
Investing in classic cars thereby is an option in the area of alternative or exotic asset classes
This paper aims to provide possibilities, on how to integrate the investment in classic cars into an existing service portfolio of wealth management as a so called Classic Car Banking
Summary
The current market environment for capital investments is shaped by the persistently low interest rate environment. An analysis of the asset class classic cars will be provided in the following This includes an insight on the technical terms, an overview of the market participants, the intentions of classic car acquisition as well as factors of measurable value development. On this basis, different possible types of investments in the asset class will be presented, with due regard to specific opportunities and risks. Conclusions can be drawn on how the investment in classic cars can be operationalized in an existing wealth management structure For this purpose, a model is presented, which reflects the customers’ needs around the investment in classic cars. The model implies, which need can be covered by the core competencies of wealth management and where additional consulting is needed
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