One of life’s greatest pleasures is to spend your hard earned money on things that you enjoy buying and investing in your next big passion project. From vintage and classics to collectibles that you hope to share with friends and family, we’ve got a few interesting ideas on what you can splurge your money on.
The classic trench coat
For both men and women, a classic trench coat is a worthy investment, as it comes handy for wet or spring weather when you’re on holiday. The classic beige and double breasted trench can be easily dressed up or down, or somewhere in between. These light jackets add a touch of luxury to any outfit, and depending on your style, you could go for an oversized trench with a classic silhouette for the effortless look, to a more tailored fit with double breasted closures and an adjustable buckle. For more oomph, a futuristic high-shine finish trench coat could be an option. Some trench coats even combine different materials and colour palettes for a distinctive architectural look. From twill and satin to cotton jersey, the classic trench coat will elevate your outfit. Brands that you should look out for are Paco Rabanne, Burberry, Zimmerman and Balmain.
Investing in a modern classic car has become more exciting as online auctions have made it more accessible. Collecting cars can be an investment or merely a passion project. If you’re not sure where to start, the Bull Market list is an annual compilation of cars that should be both a pleasure to drive and live with, and highlights emerging trends and changing tastes in the car scene. From humble family hatchbacks to high performing supercars, collectible cars is a great alternative investment opportunity beyond the traditional stock market.
Are you a wine connoisseur? Then wine collecting is an exciting way to learn more about the historic beverage, refine your palate, boost your hosting skills and discover the beautiful world of wine. It’s without a doubt that wine collecting isn’t for everyone, as it requires plenty of time, research and funds, but it can be rewarding depending on your motivations – to drink or for profits. First, you’d need to put money up front as you’ll want to purchase bottles that are capable and benefit from aging, and 90% of all wines don’t meet this criteria. You’ll also need a big space to store your wines, either a cellar or a top quality wine fridge, or even pay for a space in a warehouse to store them. It’s advisable to seek an expert in this field to discuss your budget, taste preference and motivation behind collecting. In addition, you should subscribe and peruse respected wine publications to discover the next great collectible bottles, as not all wines with the highest ratings are always the best for collecting. Most importantly, choose bottles that you like to drink or would serve at your own gathering, then you’ll never go wrong by seeking out old-world favourites. If you do it right and well, you can fill your cellar with brilliant wines that age incredibly well and will continue to drive up in value. Start with the classic wines and a selection of five to ten producers of new wave Napa, and include new and old world examples of the same wines like Cabernet Sauvignon. Other worldly favourites worth investing in are Spain’s Rijoa wines, Germany’s Riesling and Austria’s Grüner Veltliner. Italy’s top classics come from Barolo, Barbaresco and Brunello di Montalcino.
Classic watches bring up images of James Bond’s impeccable style, and it’s no wonder that luxury classic watches that are of high value have taken the spotlight in the investment market in recent years. Brands like Rolex watches are huge in demand and short in supply, and they’ve made owning them even more lucrative. Vintage and rare watches appeal to those who wish to invest and while many don’t actually wear these pieces, they are also worn for special occasions at sports events. Vintage watches make good long-term investment, while celebrity-endorsed watches with over-inflated price tags aren’t the most favoured. If you’re looking to invest in one, the Rolex Submariner is worth considering.
Antiques Investment-worthy antiques need to be rare and must hold aesthetic or historical significance. For many, sourcing a rare and beautiful piece of antique is part of the excitement. It is however, essential that you do a thorough research and search for rare pieces that are no longer in production. Look for any distinguishing marks on the piece that can help identify the maker, or if you aren’t sure, chat with an expert or a dealer. There are lots of tips out there on antiques such as checking the joinery of antique furniture because if they are reproductions, they will look unnaturally perfect but handmade ones will have imperfections. Some of the items that might spark your interest include antique furniture, clocks, coins, fine china, vintage furniture and musical instruments.