financial asset diversification

Tokenization of Classic Cars: Revival of a hidden gem for financial asset diversification?

When the 1962 Ferrari 250 GTO was auctioned off for more than 48 million dollars at RM Sotheby's 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 “bad investment”, as their value drops sharply after purchase and solely human emotions give them their true “intrinsic value”. But maybe it is in fact this emotional connection to cars that makes them so attractive from