Why your classic car, jewellery or fine wine is a great alternative investment

According to Knight Frank's "Luxury Investment Index - Classic Car Special Q2 2018", some of today's most desirable collectibles happen to be items seeing impressive growth If you have US$30 million to invest, you might see better return with a classic car or jewellery All that aside, Knight Frank's Ji says cars, wine and art, in no particular order, are likely to be the top three alternative investment categories with the highest return in the next five to 10 years.

Art was the top performing alternative luxury investment asset in the 12 months leading up to the second quarter of 2018, according to Knight Frank's report, going up by 25 per cent The average value of art sold at auction rose 21 per cent in 2017, according to an Art Market Research report Art outpaced even classic cars, which had over 289 per cent increase in value in the 10 years leading up to Q2 2018; classic cars went up by six per cent in the 12 months up to Q2 2018.

Research from Knight Frank's Luxury Investment Index 2017 suggests the number one reason buyers opt to purchase a piece of art or a bottle of vintage whisky stems from the joy of ownership. . Source