R. Goodfellow
391
"The Most Lucrative Luxury Investments"
This arrived in my inbox today from Statista, and thought I'd share with the WPS community. Congratulations to anyone collecting rare whisky!
"As Statista's Katharina Buchholz wrote for Forbes last week, "as stock markets flailed and the age of zero interest was only slowly beginning to end, 2022 was not kind to investors." There were however some luxury goods which, according to the Knight Frank Luxury Investment Index, managed on average to deliver above inflation last year. At the top of this ranking was art, with a 29 percent increase over the 12-month period. Close behind was cars, with a return of 25 percent.
For investors in luxury items looking to play the long game though, a look at the 10-year price changes would be of interest. Here, when taking prices at the end of 2022, rare whisky is clearly the area to get into. Although 2022 only saw gains of 3 percent, an increase of 373 percent has been observed over the last decade. Last year, the highest selling price recorded for rare whisky was a bottle of The Macallan 'The Reach' - an 81-year-old single malt - which sold for £300,000 at Sotheby's in October."
"The Most Lucrative Luxury Investments"
This arrived in my inbox today from Statista , and thought I'd share with the WPS community. Congratulations to anyone collecting rare whisky! " As Statista's Katharina Buchholz wrote for Forbes last week, "as stock markets flailed and the age of zero int...
Impressive outcome....
for whiskey. It is my favorite alcohol after all . Thanks for sharing with us, cheers, Filip
A good friend of me as well.
Last year, a good friend decided to sell most of his collection of whiskey bottles … pretty rare stuff like very old Bowmore etc. We had a tasting once again and then he told me that the little sip i took was worth around 200 € 🥶. The bottles he sold were...
No i finished the bottle ;-)
Actually the first time i sipped from that same bottle was back in 2004. This post reminds me i still have some ‘Don Papa’ in da house 😅
The “problem” with rare whisky (or any whisky) is….
… unless you drink the stuff, it really doesn’t give you much enjoyment. Many years ago, when I was traveling a lot more, I’d always grab a bottle of good Japanese whisky in the international duty free. The selection in most major international airports i...
A nice selection of Japanese whiskies!
That Nikka Taketsuru 21 is a standout that I wish was still available.
Thanks! If I’d known how popular Japanese whisky would become..
I would have bought a case of each and then some! And that’s why I can never buy the really rare stuff, I’d just end up drinking it! #cantbetrustedwiththemacallan50
Indeed!
It used to be available for around $400 a bottle, and now it's impossible to find at duty free.
I personally disagree with the above assessment...
It truly depends on your goods basket. Not all whisky has increased significantly. Our favorite Macallan and the Hibiki and Yamazaki have the most. But if your whisky portfolio or "goods basket" didn't heavily consist of these, it's hard to say. Furthermo...
Indeed...
They probably follow some sort of index that tracks standard prices for standard whiskies. There is a rare car index that has a basket of vintage cars - broad range of those cars. Other than that, I don't know what else they've got...
Depends on the index and what's in the whisky index.
Sure, if your index consisted of Macallan rare bottles. Or the rare Japanese bottles, this would totally make sense. Might even be on the low side. But if not, then it'd be harder.
Interesting, but in investment terms …
They all pale into insignificance when compared with the increase achieved by Tesla shares. In the period from 2012 to 2021 the share price increased by approximately 13,198%.
The U.S. stock market
A S&P 500 index fund was up 225% and can be sold in literally one second, with essentially no transaction cost vs. the stated market price. Unfortunately that cannot be done with the listed collectibles.
Agreed ….
I still love a good watch and never really cared about it increasing in value.
The best investment ever,
and no need to be statistician : your health. It has no price, can’t be bought later if you don’t care, allows all the other investment to make sense, and it money wise quite affordable compared to any other investment.