12.10.2024
The gentleman's guide to luxury investments
Explore five luxury investments for the modern gentleman, blending financial gain with personal passion. From fine art and timepieces to classic cars and rare whiskeys, discover how to invest in style.
By Raja Izz, MBA
Pictures by Getty.
In the realm of wealth management, the discerning gentleman seeks not only financial gain but also the satisfaction of pursuing his passions. While traditional investment avenues like ASB, stocks and bonds have their merits, there exists a world of alternative investments that cater to both the connoisseur and the capitalist within. These luxury investments, or "investments of passion" as they're often called, offer a unique blend of personal enjoyment and potential financial appreciation.
The Essence of Luxury Investments
Andrew Shirley, Head of Luxury Research at Knight Frank, provides insight into what constitutes a luxury investment. "First," he explains, "there need to be similar elements to any other investment market – liquidity, accessible trading platforms, potential for long-term value appreciation, and preferably, some element of data that allows market performance to be tracked."
However, what truly sets luxury investments apart is the second component: passion. As Shirley astutely notes, "If no passion is involved, if the joy of ownership doesn't make up for any potential drop in value, then it's just another investment." It is this combination of financial potential and personal pleasure that makes luxury investments so appealing to the modern gentleman.
Let us explore five such investment categories that not only promise potential returns but also offer the joy of ownership and connoisseurship.