As for classic cars as an investment, Chiew said: “Year after year, [the numbers of] these cars only get fewer, and that’s the value of it.”
Savvy investors are mixing their passion with opportunities to rake it in with watches, cars, vintage tees, sneakers and even cards. What’s driving this alternative investment boom?
Back in 2013, The Edge Media Group’s Personal Money magazine looked into the viability of several alternative investments. The article quoted Ronald Chiew, a Malaysia-based collector of watches and classic cars, saying: “The value of currencies rise and fall every day, but a Rolex watch will always be one wherever you are. Watches are tangible investments that you derive pleasure from, compared to generic financial instruments that amount to only pieces of paper in physical form.”
