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R.I.C.H: Where to park your money? Invest in classic cars
Classic cars evoke feelings of nostalgia. Avid collectors say it's a a celebration of engineering, elegance, or a measure of status. But there’s more to classic rides than just old world charm and prestige. According to the Knight Frank Luxury Investment Index, classic cars have been one of the best-performing assets globally, sometimes outperforming the more traditional asset classes, over the years. But what exactly makes classic cars such a good investment? How do you get started on owning a piece of automotive history in Singapore? Kumar Balasingam, Founder and President, Classic Car Club…
The skinny
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