- Passion before profit
- The luxury sector is experiencing a downturn
- Consider liquidity, maintenance costs and authenticity
The idea of making money by buying a beautiful piece of art, or a special bottle of spirits, holds undeniable appeal. By comparison, shares in a dividend-paying company or a well-managed fund can appear mundane and distinctly lacking in charm.
The world of luxury items and collectibles is vast. Once the prerogative of high-net-worth families, it is now possible to dip your toes into some of these asset classes with just a few thousand pounds to allocate.