Knight Frank conducts an annual study on luxury investments, and this year, wine came out on top, overtaking Hermès handbags.
From June 2020 to June 2021, wine surpassed Hermes handbags and rare whiskey as the top luxury investment asset. In fact, wine prices raise 13% during the period, helping to put it at the top of the ranking done by Knight Frank, which tracks the market performance of luxury assets including art, cars, jewelry, coins and furniture.
“Wine is doing very well, not going crazy but growing nicely. There are no signs of excessive exuberance,” Nick Martin of Wine Owners, which compiles the data for The Knight Frank Fine Wine Icons Index, said in a statement.
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Featured photo : © Baku Café Dubaï
