April 1, 2013 – Since the stock market drops associated with the Great Recession, wealthy Americans increasingly invested in rare goods such as art, wine, rare coins made of precious metals and other collectibles. The investment market for these “personal passions” has run up considerably, a recent USA Today story reported.
Knight Frank, a private global real estate consultancy headquartered in London, recently released their 2013 Wealth Report, which indexes nine of the main collectibles markets. Overall, they grew 175 percent over the ten years that ended on October 1, 2012. During the same period, the Standard & Poor’s 500 Index only increased 40 percent.
In the order of their greatest appreciation, the nine markets indexed were classic cars, rare coins, stamps, fine art, wine, jewelry, Chinese ceramics, watches and furniture. All nine categories increased in value except collectible furniture.
Classic cars performed the best, surging 23 percent in value in last year leading up to the report and ending in late 2012.