Knight Frank's Luxury Investment Index reveal the most coveted objects of desire in 2019 and it looks like over 12 months, rare whiskey has displaced classic cars to be the top most appreciable asset class
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Whisky specialist Andrew Bell with A 50-year-old Macallan valued at between 10,000 and 14,000 which is amongst 700 lots at the McTear’s Rare and Collectable Whisky auction, part of the the world’s largest whisky auction being held today. (Photo by Andrew Milligan/PA Images via Getty Images)
Beginning as a small charted index of alternate asset classes in the consultancy’s annual Wealth Report, Knight Frank’s Luxury Investment Index (KFLII) has since grown, tracking the performance of a wider variety of collectable asset classes usually associated with the ultra-wealthy – such as art, classic cars, timepieces and rare whiskies. Working with existing third-party indices, Knight Frank’s luxury asset classes are weighted to reflect its relative value and growth potential as an investment grade collectible. Rare whiskey surged straight to the top of Knight Frank’s Luxury Investment Index when it was first introduced in the 2018 Q2 Wealth Report reflecting the demand of Ultra High Net Worth collectors, especially those HWNI hailing from China and the wider Asia-Pacific region. In fact, rare whiskey has ...