The Pitfalls and Profits of Collecting Cars, Wine, Art

Four successful collectors tell us about the joys and difficulties—and the potential for financial gain.

(Image credit: © Jeffery Salter 2014)

Many collectibles have seen run-ups in value that might make you think you’re missing out on a sure bet. For example, over the past ten years collectible cars have appreciated more than 450%, and fine art is up nearly 200%, according to the Knight Frank Luxury Investment Index, which tracks baskets of selected collectibles. Meanwhile, Standard & Poor’s 500-stock index has returned 111%.

(Image credit: Jeffrey Salter/Redux)

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Former Staff Writer, Kiplinger's Personal Finance