May 6, 2016
To antique, or not to antique? That is the question. As individuals of wealth, Europe’s HNW’s are often posed with the conundrum of where best to spend their large sums of their money. Often, HNWs purchase assets that grow in value such as art, property, or businesses.
NPG data has shown that the largest sums of money spent amongst those with a net worth under €2m as well as those between €2-5m usually go towards the purchase of new houses and cars.
But for those with a net worth over €5m, old can be gold; they are more likely to spend money on artwork and antiques than their less wealthy peers.
For a growing number of these UHNWs, antiques seem to be a way of differentiating themselves in their investments by expressing taste and culture through their acquisitions.
