It is funny this just came up. I was talking to a friend the other day here in town, on the edge of civilization, who was telling how he would tour the garages of folks in this community back when a “blue chip” car was a tax write off. Apparently there are a number of garages full of, not bitcoin mines, but rare and exotic cars. Uncle Sam never saw it coming.
For the most part, cars ceased to be tax write off in 1984.
I recall having a discussion with some other car enthusiasts about the notion of fractional interests in a pool of cars. This model has been around for a long time for race horses, and is not as far fetched as it may initially seem. In theory, this type of investment structure could be profitable if you had the right people. You just need to find good people to buy, restore, store, maintain and sell the cars, along with people to manage the real estate that will house the cars and finance people to deal with investors, bankers, insurance companies, inventory records of both cars and parts, financial reporting to the owners and bankers, taxes and whatnot.
Should be easy to put a group of folks together that is good at all these things, right?