High-end art and car prices drop as the ultra-rich tighten belts

  • Home
  • Brisbane
  • High-end art and car prices drop as the ultra-rich tighten belts

“It was, however, the weakest annual performance by KFLII since the second quarter of calendar 2021, proving that even tangible assets are not immune to market uncertainty,” Ciesielski said.

It is the slowdown in the wine and classic car markets, both in sixth and seventh place respectively with five per cent growth over the past 12 months, that have tempered overall growth, as these asset classes previously have had double-digit rises that have often underpinned the index’s…

Continue reading this news update.

Comments are closed