According to Knight Frank’s latest Luxury Investment Index (KFLII) for the second quarter of 2021, wines have outperformed Herms handbags and whiskeys from their number one spot on the index in recent years. Investment grade wine prices rose 13% in the 12 months to the end of June 2021 and 119% over the 10-year period.
On the other hand, Rare Whiskey still leads the list of best performing investment properties in terms of tenor of 10 years (over 480%). However, a negative 12-month growth of 4% was registered.
Data provided by KFLII showed that the classic car market is in a good shape with the value of a selection of the world’s rarest and most collectible vehicles growing by 4% by June 2021 and by 180% over a 10-year period Is. The report says that the most interest is coming from experienced collectors and dealers who are ready to pay the highest price for the best cars.
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Along with wines and cars, watches make up the top-3 podium for this installment of KFLII, with Art Market Research’s basket of collectible timepieces showing 5% annual growth.
Andrew Shirley, Editor of the Luxury Investment Index at Knight Frank, said, “Two properties that have topped the Knight Frank Luxury Investment Index (KFLII) in recent years – rare bottles of Scotch and Herms handbags – have relinquished their place. “At the top of the index, negative 12-month growth was recorded. Wine leads the 12 months to the end of June 2021, with prices increasing by 13% and 119% over the 10-year period.”
Index data compiled by Knight Frank Research using insights from Art Market Research (art, coins, furniture, handbags, jewelery and watches), Fancy Color Research Foundation (colored diamonds), HAGI (cars), Rare Whiskey 101 and Wine Owners has been done. .
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