Knight Frank presents the latest edition of "The Wealth Report"
In the latest edition of the annual "The Wealth Report" we got to know the results of the indicators of luxury investment assets. The index examining the changes in the value of rare whisky increased by 9% in 2021, the same as the average for the entire luxury goods index. In the 10-year perspective, whisky is second to none - the index has increased by 428% in the last decade, beating, among others, wine, works of art, watches or classic cars.
Knight Frank Luxury Investment Index is a proprietary index published in the annual report of Knight Frank called "The Wealth Report". The publication provides detailed information on the collector's performance of luxury assets. The indicators included in the report are widely recognized as a reliable source of knowledge about luxury and collector's assets. Knight Frank was founded in London in 1896 and currently has approximately 500 offices around the world.
Analyzing the indicator of rare whisky, experts indicate high resistance and growth in both volume and value of purchases. Importantly, the increase applies to both 2020 and 2019, before the outbreak of the pandemic.
The report's findings, of course, have a direct link to the coronavirus pandemic - around the world, pandemic restrictions and lifestyle changes have led to savings and an increase in wealth levels that have not been seen in years. The authors of the report indicate that the global population of "UHNWI" people (whose net assets exceed $ 30 million) increased by 9.3% in 2021, while in 2020 the group saw an increase of 2.4%.
Savings accumulated in 2020 allowed for a significant increase in investment over the last 12 months, and the increase in asset prices, including luxury collectibles, significantly increased the fortunes of people who have appropriately diversified their investment portfolios in recent years.