The vintage and rare car market has been the go-to investment in the luxury market. Astronomical values for rare Ferrari’s and Mercedes-Benz cars have been the norm at auction houses across the globe and investors and fund managers have taken note.
Wine, on the other hand, has had it’s ups and downs. Mainland Chinese demand for rare and elite bottles cratered and thus effected pricing and volume negatively.
A new report from Knight Frank suggests that rare wines may be making a comeback and the reality of today’s depressed prices may be a plum opportunity for savvy and patient investors looking to get in at the bottom.
An article from Luxury Daily provides stats, graphics and details on the current ‘wine situation’. We have included an excellent and detailed guide to wine tasting from our friends at EReplacementParts.com. Scroll down for the guide: Classic cars take back seat to wine for luxury investments: Knight Frank
Land Rover classic models
Classic cars are being dethroned as the number one avenue for luxury investments, as high-quality wine makes its comeback, according to Knight Frank?s Luxury Investment Index.
While classic cars have risen in value by more than 500 percent within the past 10 years and 8 percent year over year, vintage wines are surpassing old-time vehicles in terms of popularity with consumers. A drop in the value of Bordeaux wines caused slow growth for the wine sector, but its recent price boom has caused a growt...