There’s been a shift in allocations impacting on luxury asset value, according to the Knight Frank’s Wealth Report 2024.
The Knight Frank Luxury Investment Index fell 1% over the year, pulled down by falling values in rare whisky, classic cars, handbags and furniture. Meanwhile, art, jewellery and watches helped offset some of these falls.
But does this reveal a need for an ever more discerning approach from investors? Where should you store your wealth in 2024?
On Wealth Tracker, Hongbin speaks to Liam Bailey, Global Head of Research at Knight Frank for a look into luxury investment markets.
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