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People are investing money in unusual creative alternatives, crowdfunding, lotteries, classic cars, paintings and fine wines. The risk factor in luxury investment is high but it provides long-term wealth protection. Most emerging wealth from unusual investors is coming into fine art and fine wine. On the other hand, property investment is a traditional secure and accessible option for the majority of investors. Here is a comparison of Fine Wine, Property or Fine Art investment.
Fine wine has been a part of luxury dinners, and is a reliable investment. Such lucrative investment produced steady growth, since 2013. The value of fine wine rose over 20 per cent in 2017, but it is not easy to identify the most profitable fine wine investment. Investors in fine wine need to learn about wines. One should have knowledge of different types of wines in demand, or acquire information about it. Some of the best wines are rated and reviewed frequently by buyers across the globe.
Investors may have to comprehend vineyards reports, information related to harvesting, region, grape type and growing conditions to select the best. Since, it involves agricultural practices, many risk factors are involved.
Property market is ever-changing but there are always some options available to invest. Residential and commercial properties can be bought individually, or as a share with other investors. Some properties such as working spaces, home care units and student housing have lower values, or are classified as commercial properties. Housing shortage, increasing wages and high employment rate supports sale of housing properties to first-time buyers. Property requires regular maintenance and management. Renting and buy-to-let options can give regular income.
There has been a drop-off in the requirement for construction work and infrastructure but homebuilding does not look to slowdown in UK property market. The Office for National Statistics in UK states that construction sector will continue to boost investments, although the investments will shift from commercial to residential buildings.
Art market is opaque, with a few intermediaries and requires a lot of passion and knowledge of creative assets to invest. It is a luxury investment, status symbol and is not just motivated by money.
Most luxury buyers were not investing in Fine Art post 2008 crisis. In the last few years, investment in Fine Art has increased and many rich buyers participated in popular art auctions. Some art works were sold for millions in 2017 E.g. Jean-Michel Basquiat’s Untitled was sold for $110.5 million, which made it one of the most expensive art works. There are various other sections in Fine Art other than paintings such as sculptors, which are selling for more than seven figure sums.
Chinese are investing in American artworks and US is buying artwork from China, India and Vietnam. It is likely that the demand for Asian contemporary art will increase in high bidders in the West.
Fashionable fine art looks attractive and rich, showing great taste for art. It can be riskier as compared to wine or property investment, but is a great competition in the luxury sector. One can opt for safe art work such as Andy Warhol, Picasso or other famous artists to reduce risks.
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