The Investor’s Luxury Index

“Give me the luxuries of life and I will gladly do without the necessities,”

entreats an oft-repeated maxim, sometimes attributed to Frank Lloyd Wright. This appeal reminds us that one of the essentials of well-being — financial security — can derive from the very objects that enrich the mind and spirit. Art, classic and vintage automobiles, rare whiskies, fine wines, antiques, jewellery and mechanical timepieces are regarded as the trophies of material success. We examine the investment opportunities presented by each of these categories — past, present and future.

In our business lives, we look for the best deals in everything we buy. But

many of the items we consider personal indulgences — from classic cars to rare whiskies — may be outperforming our financial

portfolios.