{"id":312394,"date":"2019-04-22T07:00:07","date_gmt":"2019-04-22T05:00:07","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=312394"},"modified":"2019-04-19T20:11:08","modified_gmt":"2019-04-19T18:11:08","slug":"the-classic-cars-watches-and-paintings-that-the-worlds-wealthiest-people-are-buying-right-now","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/312394\/the-classic-cars-watches-and-paintings-that-the-worlds-wealthiest-people-are-buying-right-now\/","title":{"rendered":"The classic cars, watches, and paintings that the world&#8217;s richest people are buying right now"},"content":{"rendered":"<p>Afrasia Bank has released a new report on global wealth &#8211; looking at the investments, habits, and hobbies of the world&#8217;s richest people.<\/p>\n<p>The report showed that art collecting is currently the most popular pastime for high-net-worth individuals (HNWIs) &#8211; those individuals with wealth exceeding $1 million.<\/p>\n<p>Over the past few years cycling, watch collecting, fly-fishing and car collecting have also become more popular, whilst golf, tennis and horses have become less popular among the world\u2019s wealthy.<\/p>\n<p>These are the most popular hobbies right now according to interviews conducted with HNWI intermediaries:<\/p>\n<ol>\n<li>Art collecting<\/li>\n<li>Yachting and sailing<\/li>\n<li>Skiing<\/li>\n<li>Golf<\/li>\n<li>Collecting cars<\/li>\n<li>Cycling<\/li>\n<li>Horses<\/li>\n<li>Fishing and fly-fishing<\/li>\n<li>Collecting watches<\/li>\n<li>Tennis<\/li>\n<\/ol>\n<p><strong>Art collecting<\/strong><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/04\/Painting.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-312402 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/04\/Painting.png\" alt=\"\" width=\"1225\" height=\"772\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/04\/Painting.png 1225w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/04\/Painting-300x189.png 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/04\/Painting-768x484.png 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/04\/Painting-1024x645.png 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/04\/Painting-1200x756.png 1200w\" sizes=\"auto, (max-width: 1225px) 100vw, 1225px\" \/><\/a><\/p>\n<p>Afrasia Bank estimates that the global top-end art market is valued at around $75 billion.<\/p>\n<p>&#8220;According to our in-house indices, global fine art prices have risen by 18% over the past 10 years (in US$ terms),&#8221; the bank said.<\/p>\n<p>&#8220;Globally the leading artists (in terms of price) include the likes of Leonardo da Vinci, Vincent van Gogh, Pablo Picasso, Claude Monet, Rembrandt, Renoir, Cezanne, Andy Warhol, Jackson Pollock and Gustav Klimt.<\/p>\n<p>&#8220;The \u2018Mona Lisa\u2019 by Leonardo da Vinci and \u2018Starry Night\u2019 by Vincent van Gogh are arguably the most valuable paintings in the world. However, neither of them have ever come up for auction. They are considered priceless.&#8221;<\/p>\n<p><strong>Watch collecting<\/strong><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/04\/Patek.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-312404 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/04\/Patek.png\" alt=\"\" width=\"1440\" height=\"886\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/04\/Patek.png 1440w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/04\/Patek-300x185.png 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/04\/Patek-768x473.png 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/04\/Patek-1024x630.png 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2019\/04\/Patek-1200x738.png 1200w\" sizes=\"auto, (max-width: 1440px) 100vw, 1440px\" \/><\/a><\/p>\n<p>Popular watch brands for collectors include the likes of: Patek Philippe, Breguet and Vacheron Constantin.<\/p>\n<p>&#8220;Vacheron Constantin is considered to be the oldest watch maker in the world &#8211; it was founded in 1755,&#8221; said Afrasia Bank.<\/p>\n<p>&#8220;Patek Philippe, which was founded about 100 years later (in 1851) tends to achieve the highest prices, both for classic watches and new watches.&#8221;<\/p>\n<p><strong>Classic cars<\/strong><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/04\/Ferrari-250-Testa-Rossa.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-236117 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/04\/Ferrari-250-Testa-Rossa.jpg\" alt=\"\" width=\"1024\" height=\"681\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/04\/Ferrari-250-Testa-Rossa.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/04\/Ferrari-250-Testa-Rossa-300x200.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/04\/Ferrari-250-Testa-Rossa-768x511.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<p>&#8220;The global classic car market is valued at around $5 billion,&#8221; said Afrasia Bank.<\/p>\n<p>&#8220;According to our in-house indices, classic car prices rose by a strong 150% over the past 10 years (in US$ terms), making it the best performing investment class for wealthy people globally.&#8221;<\/p>\n<p>Popular classic cars for wealthy car enthusiasts worldwide are listed below (ranked by price in US$).<\/p>\n<ul>\n<li>Ferrari 250 GTO (1960s): $24,000,000<\/li>\n<li>Ferrari 250 GT California Spider (1960s): $18,000,000<\/li>\n<li>Bugatti Royale (1930s): $16,000,000<\/li>\n<li>Porsche 917 (1970s): $10,000,000<\/li>\n<li>Ferrari 166 Barchetta (1950s): $9,000,000<\/li>\n<li>McLaren F1 (1990s): $8,000,000<\/li>\n<li>Porsche 550 Spyder (1950s): $2,000,000<\/li>\n<li>Mercedes Gullwing 300sl (1950s): $1,900,000<\/li>\n<li>Porsche 959 (1980s): $1,500,000<\/li>\n<li>Ferrari F40 (1990s): $1,400,000<\/li>\n<\/ul>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/wealth\/311376\/heres-how-many-super-wealthy-south-africans-have-left-the-country\/\" target=\"_blank\" rel=\"noopener noreferrer\">Here\u2019s how many super wealthy South Africans have left the country<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Afrasia Bank has released a new report on global wealth &#8211; looking at the investments, habits, and hobbies of the world&#8217;s richest people.<\/p>\n","protected":false},"author":10,"featured_media":75696,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[12272,26],"class_list":["post-312394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-afrasia-bank","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/312394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=312394"}],"version-history":[{"count":13,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/312394\/revisions"}],"predecessor-version":[{"id":312536,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/312394\/revisions\/312536"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/75696"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=312394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=312394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=312394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}