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From June 2020 to June 2021, wine surpassed Hermes<\/strong> handbags and rare whiskey as the top luxury investment asset. In fact, wine prices raise 13% during the period<\/strong>, 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<\/strong>.<\/p>\n <\/p>\n “Wine is doing very well, not going crazy but growing nicely. There are no signs of excessive exuberance<\/em>,” Nick Martin<\/strong> of Wine Owners, which compiles the data for The Knight Frank Fine Wine Icons Index, said in a statement.<\/p>\n <\/p>\n “Bordeaux, whose sales have slowed over the past decade, has done well this year as some older vintages, particularly 1996 and 2000, are attracting more collector interest for their value<\/em>,” he added.<\/p>\n <\/p>\n “Wine is the favorite in the 12 months to the end of June 2021, with prices up 13% and 119% over a 10-year period<\/em>,” said Andrew Shirley,<\/strong> editor of the Index.<\/p>\n <\/p>\n <\/p>\n This performance allowed watches and cars to take second and third place with gains of 5% and 4% respectively. The enduring appeal of high-end watches was illustrated by the recent success of companies such as Watches of Switzerland<\/strong>, which saw its stock rise more than 200% over the past year.<\/p>\n <\/p>\n Rare whiskey and Hermes handbags saw price declines of 4% and 3%, respectively, placing them in the bottom two spots of the index. Collectible handbags had carried the best-performing luxury asset in 2019, with a 13 percent price increase. Rare whiskey, meanwhile, had been the best performer the year before.<\/p>\n <\/p>\n Over long periods of time, however, rare whiskey has the best return on investment, with price appreciation of 483% over the past 10 years. It is followed by cars and wine, whose prices have increased by 180% and 119%, respectively, over the same period.<\/p>\n <\/p>\n <\/p>\n Read also >\u00a0MUNICH MOTOR SHOW 2021 TO GO ELECTRIC<\/a><\/p>\n <\/p>\n Featured photo : \u00a9 Baku Caf\u00e9 Duba\u00ef [\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n From June 2020 to June 2021, wine surpassed Hermes<\/strong> handbags and rare whiskey as the top luxury investment asset. In fact, wine prices raise 13% during the period<\/strong>, 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<\/strong>.<\/p>\n <\/p>\n “Wine is doing very well, not going crazy but growing nicely. There are no signs of excessive exuberance<\/em>,” Nick Martin<\/strong> of Wine Owners, which compiles the data for The Knight Frank Fine Wine Icons Index, said in a statement.<\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\nThe luxury assets market<\/h3>\n
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Knight Frank conducts an annual study on luxury investments, and this year, wine came out on top, overtaking Herm\u00e8s handbags.<\/h4>\n
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