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Prices of luxury items, such as classic cars, ancient Chinese ceramic art, and rare coins, have reached record amounts in recent years. Such items can be a good way for wealthy investors to diversify their long-term investment portfolios. This luxury index tracks existing indices that measure the value of nine categories of luxury collectibles, including classic cars, fine art and rare coins.
Everyday is a great day to buy and sell antiques and collectibles, so much for the official party line. While not consistent, there is a pattern. The pattern corresponds closely to the days and times experienced by any retail merchants. Opinion overwhelms quantitative research.