China’s rebound makes wine best performing collectible

Fine wine has surpassed classic cars, art and jewellery to become the world’s best performing collectible, with values soaring 25 percent over the past 12 months, as buying picks up among wealthy Chinese.

According to the latest report by The Knight Frank Luxury Investment Index that tracks the price growth in the major categories of collectibles, collectible wine prices have increased 25% over the past year, and are up by 61% over the past five years, ahead of classic cars, art, coins, stamps, jewellery, watches, coloured diamonds, Chinese ceramics and antique furniture.

The jump seen in the wine category came at a time when the Chinese economy has gradually come to stabilise, following its bullish boom that was stopped when the country launched….