Vintage Porsches' 683% Gain Fuels Returns in Carmakers' Home
- Bank in automotive heartland tracks the region’s vintage cars
- But counterfeits and liquidity can be issues for investors
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Bankers in Germany’s automotive heartland have a recommendation for investors seeking alternatives to low interest rates: vintage cars from their region.
“For customers with more than 1 million euros in liquid assets, a classic car can be an attractive addition to their portfolio in terms of yield and value stability,” Jens Berner, vintage car expert at Suedwestbank AG’s asset management unit, said in an interview. “After the financial crisis, requests for alternative investments such as art, wine or classic cars had risen sharply.”