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Art, Hermés handbags remain high on shopping list of UHNIs
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Last Updated: Mar 01, 2021, 09:22 AM IST
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Luxury categories remained largely unaffected by the pandemic, as personal safety and long-term security became sought-after commodities for the ultra-wealthy.
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“Covid-19 had a huge impact on the global marketplace for luxury investments in 2020 . Compared to other passion investments, luxury handbags were the best performing asset class,” says Andrew Shirley, editor of The Wealth Report and the Knight Frank Luxury Investment Index.
Shirley added, “The ever-increasing category of luxury handbags outperforms art, classic cars and even fine wine to claim number one position in the index.”