Classic cars. Jewelry. Fine art.
Forget those and throw your money into something more fun and lucrative: wine.
According to the Luxury Investment Index 2017, fine wine prices rose 25% in the last 12 months (ending in June of this year), while “no other asset class achieved double-digit growth,” according to the Knight Frank, the group behind the annual report.
Among the 10 luxury assets, wine far outpaced art, cars, jewelry, antique furniture (which has seen significant drops over the years) and diamonds. Fine wine has risen 61% in the last five years and 231% over the last decade.
Your top wine pick? Burgundy, up 31% from last year.
Just be sure to keep it in a cabinet your teen-agers can’t reach.
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