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Wine knocks recent winners Hermes handbags in Knight Frank Luxury Investment Index freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
SHARE Are classic cars an investment? Some would say that’s the $70 million question. Why $70m? That’s how much a 1963 Ferrari 250 GTO sold for at auction in 2018, making it one of, if not the, most expensive classic car ever sold. Aside from the rarefied stratosphere of hyper-valuable 250 GTOs, could you actually grow your money by buying old motors? Let’s get the small print out of the way first: as with any investment, there are risks, and with classic cars you need to keep in mind the storage, maintenance and insurance costs, plus repair and restoration expenses, particularly if you intend to drive them. ....
Supercar in your lounge? How luxury homes in Bangkok, London and Florida are purpose built for petrolheads Peta Tomlinson Walk straight out your supercar and into your living room at Bangkok’s new Circle Sukhumvit 11 condo complex. Photo: Richmont’s, affiliate of Christie’s International Real Estate Until rare Scotch whisky was added to Knight Frank s annual Luxury Investment Index in 2019, classic cars held pole position as a consistent performer. Based on data provided by the Historic Automobile Group International (HAGI), classic car assets appreciated by 12 per cent annually between 2004 and 2009, and again in the years from 2011 and 2016. But according to Knight Frank s Andrew Shirley, the author of the report, capital gain is not the main motivation for collectors. ....