Coutts: luxuries up 77% in value since 2005, outdoing shares

By Andrei Skvarsky.

Royal Bank of Scotland-owned lender Coutts argues that a vintage car, posh apartment or sumptuous watch that you would have bought in 2005 might bring you twice as much as you paid for it, or even more, if you sold it today.

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Classic cars have rocketed 257%, classic watches 176% and “billionaire” property 100% over this period, according to the Coutts Index, which purports to provide the global benchmark for monitoring the value of “passion assets” held by high- and ultra-high-net-worth individuals.

The index has risen 77% since the start of 2005 and went up 2.8% during the first six months of 2013.

This is more than investment in company shares would normally have yielded since 2005.

The asset categories covered by the index include paintings, sculptures, traditional Chinese art, fine wines, postage stamps, rugs, carpets, and rare musical instruments.

Coutts, which was set up in 1692 and is one of the world’s oldest banks, evolved the index jointly with Fathom Consulting. Both firms are based in London.

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