What Has Been The Best Luxury Investment In 10 Years?

The latest Knight Frank Luxury Investment Index (KFLII) for the second
quarter of 2021 has revealed that wine has knocked Hermès handbags and
whisky from the top spot in the index in recent years.

The Guardian reports that the prices of investment-grade wine are up 13 per
cent over the past 12 months to the end of June 2021, and up 119 per cent
over the last decade. However, while whisky has dropped by four per cent in
the last year, over a 10 year period it is up by more than 480 per cent,
and the number one investment for that period.

The KFLII also showed that the classic car market is stable, with the value
of a selection of the world’s rarest and most collectable vehicles has
increased by four per cent over the last 12 months, and increased by 180
per cent over the 10-year period.

Wine and cars take the top two spots, and collectable watches take the
third spot, with an annual growth of five per cent.

Andrew Shirley, the editor of Luxury Investment Index at Knight Frank said,
“Two assets that have been at the helm of the Knight Frank Luxury
Investment Index in recent years – rare bottles of scotch and Hermès
handbags – have relinquished their places at the top of the index,
recording negative 12-month growth.

“Wine is the front-runner in the 12 months to the end of June 2021 with
prices rising 13 per cent and 119 per cent over a 10-year period.”

The KFLII was compiled using insights from Art Market Research (art, coins,
furniture, handbags, jewellery and watches), Fancy Color Research
Foundation (coloured diamonds), HAGI (cars), Rare Whisky 101 and Wine

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