Luxury investment assets such as wine and classic cars have easily out-performed investments in gold and London’s top-end houses in terms of price growth.

Knight Frank, which tracks ten luxury investment sectors as well as traditional ‘safe haven’ markets of London homes, gold and FTSE 100 shares, says wine has risen most in value over the last year.

Wine has gone up 25% in value over the last year, while the most expensive homes in London have fallen 6% in price and gold is down 5%.

Classic cars, which have dominated the rankings for the past few years, had moved into sixth place with prices rising by just 2% in the 12 months to the end of June. Jewellery has risen 4% and by 142% over the past ten years.

Art has done well, up 7% in a year and showing 113% appreciation in ten years.

Watches have also ticked along nicely – up 4% in 12 months and 65% over ten years.

The poorest investment has been antique furniture, which has fallen annually over five years and over a decade.

Surprisingly, the most expensive London properties have not appreciated in value over the last decade nearly as much as much as other investments – up 38%, compared with 362% growth for classic cars, for example.

And if you had invested in all ten of the luxury assets that Knight Frank tracks, you would be 5% better off on a yearly basis, and 145% richer than ten years ago.

Just ditch that old furniture.

Knight Frank Luxury Investment Index

Comparative assets