The case for investing in fine wine and classic cars
By International Adviser, 27 Oct 16
With investors facing increasingly poor returns from traditional investments, the case for putting your money in alternative investments such as wine, classic cars, stamps and whisky is getting stronger, says Adam Benskin, executive director at international IFA firm Strabens Hall.
Stamp and coin auctions are breaking price records in Hong Kong. Islamic collectibles too are in demand, as regional powers in the Emirates seek to build museums with the biggest collections of Islamic coins, stamps and art.
Historically, stamps have outperformed UK property, FTSE 100 shares and gold, according to Stanley Gibbons, which compiles stamp prices in its annual Great Britain Concise Stamp Catalogue, a reference book used by collectors.
Since 1995, the most expensive 250 stamps have risen in value by 433%, while Stanley Gibbons’ rare-stamp index, which tracks the 30 rarest British stamps, has increased in value by 396% over the past 20 years.
Stanley Gibbons dominates the market for collectable stamps and offers private investors ready-made portfolios of rare stamps starting at about £10,000.
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Tags: Strabens Hall
