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You can tell a lot about a person from their selected timepiece. You might make assumptions about their taste, style, and for those who can tell their Rolex from their Patek Philippe, even wealth.
Last month a hybrid-powered Ferrari, LaFerrari Aperta, the removable roof variant of the Italian supercar built to celebrate its 70th anniversary, came up for sale at more than triple its reported original list price.
Owning a private jet remains one of the ultimate signs of wealth portraying that “lifestyle of the rich and famous,” yet is becoming more accessible with the rise of fractional ownership and membership programmes, as the industry attracts a younger clientele.
The fine wine market has long attracted investors from Europe and the US who both have a long legacy of wine making and because of strong returns over the last decade. Adding to this is a growing theme of purchasers from the Chinese ‘Middle Class’.
The superyacht sector is flourishing both in terms of new build orders and second hand sales. Yet there is a looming challenge for the industry: how to attract the next generation of buyers and demonstrate yachting is a past time for all generations.
The UK wine industry is on the rise, with data suggesting the turnover has trebled over the last five years from £55.7m in 2011 to £132m by the end of 2016. Is this the right time to invest in British wines?
With Christmas round the corner, Citywealth asked Joshua Rubenstein at Katten Muchin Rosenman, Richard Hart at Pinsent Masons and Fred Clark Boodle Hatfield to share with us their letter to Santa.
The lack of regulation in the art market continues to cause concern for buyers, due to lack of transparency. So what is the art market doing to reassure them?
Although cars have taken a knock and been outperformed in investment terms by wine in the last year, there are still opportunities for a handsome return if you know where to look.
Toby Joy, associate in London and Denis Petkovic, partner in Hong Kong office, Withers talk about the growth in pre-used jets
Steve Cain, Director of VAT and Captain John Hills, Aviation Consultant at Equiom say the negative perception the Chinese government have built up with the aviation industry will be difficult to shift
David Dixon, President Jetcraft Asia says he sees a wave of first-time sellers upgrading to new aircraft types
Leona Qi, who is president of Asia at VistaJet, says chartering is a major trend in China to sidestep Chinese government regulation
The Brexit vote may have made some investors jittery but those who invest in fine wines are celebrating with a glass of fizzy Krug.
David Sonnenthal, founder of New Bond Street Pawnbrokers in London’s Mayfair, also says if buying for investment stick to Rolex, Breguet, Audemars Piguet and Patek Philippe.
Clotilde Rafine-Ricard, head of the Watches & Horology Department at Collector Square also says a watch shouldn't be stored stationary for too long.
Vartkess Knadjian, CEO at Backes & Strauss also says diamonds and craftmanship add value to watches.
Joanne Lewis, deputy director and head of watches department at Sotheby’s, also says that the demand in the market for Patek Philippe and Rolex is strong.
Martin Bellamy, chairman of OneOcean Ventures a new venture from Salamanca also says all eyes are on Antibes port which is set to find bidders for a major redevelopment.