![]() A US$143 million Mercedes-Benz Uhlenhaut Coupé comfortably set a new record for the most expensive car ever sold. ![]() With the provenance of a high-profile collector attached, blue-chip works routinely break auction records and last year was no exception with five achieving over US$100 million.” CarsĬlassic cars also revved up their performance last year rising 25%, the strongest finish for nine years. “Several single owner collections, including works owned by Microsoft founder Paul Allen and American investor Anne Bass produced totals in excess of US$2.5 billion, more than doubling collection sales in 2021. Sebastian Duthy of Art Market Research, which provides the data for a number of our asset classes, says much of that performance was driven by the stellar prices paid for museum-quality works of art by ultra-wealthy collectors. Art was the top performer, rising by 29%. ![]() Within the index, which is weighted to reflect the “collectability” of each of its constituents, half of the assets saw double-digit growth last year. (Click image below to download and explore in detail) Here we take a look at some of the best performing investments of passion over the last 10 years. The Knight Frank Luxury Investment Index (KFLII), which tracks the value of 10 investments of passion, rose by a healthy 16% during 2022, comfortably beating inflation and outperforming the majority of mainstream investment classes, including equities and even gold. Categories: Publication The Wealth Report Passions
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