July 11th, 2016
Classic Cars race ahead of other alternative assets
Classic cars are racing ahead of all other alternative investments, according to Knight Frank.
The agency’s latest Luxury Investment Index found that classic cars accelerated by 17 per cent in the months to Q1 2016, far ahead of their closest contender, wine (9 per cent), and third place rare coins (6 per cent).
Overall, the Knight Frank Luxury Investment Index increased by 5 per cent in the last 12 months to the end of March 2016, the lowest annual increase since the first quarter o…