The significant returns that can be delivered by investing in fine art and wine, as well as better tax treatment in the case of art investments, is generating increasing interest and focus from HNW clients as they diversify and broaden their investment strategies.

Research by Private Banker International (PBI) shows an increasing appetite by the HNW community to invest in collectible assets closely aligned to their passions.

Art followed by wine are the most popular categories, with other luxury items such as vintage cars, and luxury watches losing traction.