PT - JOURNAL ARTICLE AU - Stephen G. Martin TI - The Road Less Traveled: <em>The Case for Collectible Automobiles as an Asset Class</em> AID - 10.3905/jwm.2016.19.3.131 DP - 2016 Oct 31 TA - The Journal of Wealth Management PG - 131--139 VI - 19 IP - 3 4099 - https://pm-research.com/content/19/3/131.short 4100 - https://pm-research.com/content/19/3/131.full AB - This study examines collectible automobiles as an investable alternative asset class. The author discusses the literature related to alternative asset classes, and how collectible automobiles fit into this context. Based on a sample dataset covering the period 2007–2016, the research also presents empirical results on collectible automobiles as an asset class based on risk, returns, and portfolio benefits. The findings indicate that, during the sample period, collectible automobiles exhibited holding period returns superior to traditional equity, bond, and gold investments. The author also finds that the asset class offers risk-adjusted returns that compare favorably with other investments. Finally, he shows that collectible automobiles offer potential portfolio diversification benefits.TOPICS: Real assets/alternative investments/private equity, portfolio construction