Coronavirus Latest News

Bordeaux wines topple Hermes’ Birkin bags, Scotch whisky as top luxury investment during pandemic

Wines have replaced Scotch whisky and Hermes handbags as the best performing luxury investment during the pandemic, according to Knight Frank.The average price of investment grade wines rose 13 per cent in the 12 months to June, while the average price of the coveted handbag declined by 3 per cent in the period, according to a report by the London-based consultancy that primarily covers real estate.Wines were followed by luxury watches and cars, which recorded gains of 5 per cent and 4 per cent…

Read the original article at South China Morning Post

Related Articles

Back to top button