Coutts’ Index 2017 reveals it is coins and not classic cars that are the better performing ‘passion assets’
This week bankers to the super-elite Coutts revealed the findings of their 2017 Coutts Index. In the annual report so called ‘passion assets’ – such as fine wine, works of art and watches – are measured in terms of their returns and this year’s revelations include that whilst classic car prices have risen fourfold since 2005, their values fell 10.4% in the last year.
Two stories to keep beside you
A week of spectacular cars
The mainstay of the week: car displays and auctions London has been the backdrop for some of the world’s finest cars this week.
Five of the Best – ‘Star Cars’ at Silverstone
A selection of five cars owned and previously owned by ‘personalities’ to be auctioned at the Silverstone Classic Sale in July On the 29th and 30th July, Silverstone Auctions will sell both classic and contemporary cars at their Silverstone Classic Sale in Northamptonshire. Amongst them are five cars owned or previously owned by the […]
Other findings in the survey suggest the fine art market has gone down by 6.2% in the same period and that Old Master and 19th century art has declined some 40% since 2008. Coins remains the only category to have registered increasing prices in every year since 2005, rising more than 11% per annum on average.
Of the analysis, Coutts surmised: “The Coutts Index tracks the changing value of ‘passion’ assets such as fine wine, classic cars, jewellery, fine art and trophy property. 2016 saw a modest increase in the index of 1.2%, compared to an average annual increase of 5.3%, while the index has returned 76.6% since it was founded in 2005.”
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2 comments
Sod all that!!!!!!!!!!! Buy gold!!!!!!!!!!!!!! You’ll never fail!!!!!!!!!!!!!
Cars will come good again.