September 2023: A Dazzling Month of Luxury Investments and Market Insights
Join Mario, the Head of Investments at Splint Invest, as he takes you on a journey through the exciting performance of Splint's assets in the past month!
In the enchanting world of luxury investments, September 2023 was a month to remember for Splint assets. The allure of luxury goods was simply irresistible, propelling categories such as diamonds, cars, art, handbags, LEGO sets, and even rare whisky bottles to remarkable heights. However, precious metals and wine experienced a modest dip in value, which was the only dim spot in an otherwise dazzling month.
Amidst this shimmering landscape, a few stars shone exceptionally bright. The Louis Roederer – Cristal 2006 & 2009 selection sparkled with an impressive +8.3% gain, while our latest art acquisition, "Winter Hill Walk" by Duncan Robert McCormick, gracefully strolled in with a +6.0% increase.
But how does all this fit into the larger economic picture? Well, let's take a glance at the broader market trends. September was not so kind to US investors, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all taking a stumble, marking the second consecutive month of declines. The "Magnificent Seven" tech giants that had once led the charge faced turbulence, with only Meta and Tesla emerging victorious. As the US Dollar Index rose by 2%, signaling prolonged high-interest rates, stocks faced headwinds. And let's not forget the soaring oil prices and the Federal Reserve's commitment to higher interest rates, adding fuel to the fire of market uncertainty.
Over in the Euro zone, investors watched with bated breath as inflation dropped to its lowest level since October 2021, sending ripples through the European economy. The DAX lost -3.5% in September, and the EuroStoxx50 followed suit with a -2.85% dip.
Now, let's talk about the glitzy world of luxury investments within Splint's portfolio.
Hermès Birkin and Kelly bags, those timeless symbols of elegance, continued their steady ascent in value, with the 2013 Birkin bag leading the pack with a dazzling 1.17% increase.
Cars revved up their engines too, with the Ferrari 348tb model zooming ahead with a 4.3% surge.
The Porsche 911 GT3 also joined the race, gaining 0.5% within its first month. If you're a fan of newtimer cars, the Renault Clio V6 had quite the ride, posting a 1.7% increase in September and a year-to-date increase of 6.8%. It's like investing in nostalgia and limited editions rolled into one.
Diamonds
Those ever-stunning gems, held their ground with a modest 0.1% increase, reassuring investors in turbulent times.
Art enthusiasts had reason to cheer, with "Winter Hill Walk" stealing the show with a 6.0% gain
Albert Willem's paintings also had their moment in the spotlight, with increases ranging from 1.4% to 5.5%. "We were all very thirsty" by Albert Willem even achieved an impressive year-to-date performance of 24.6%.
But wait, there's more! LEGO enthusiasts, rejoice
The LEGO category continued to build on its success, with Star Wars 75192 as the ultimate star, boasting a 5% increase and a year-to-date growth of 11.9%.
As for watches, there were mixed results
With the Audemars Piguet Royal Oak Reference 26331IP gaining 1.9% and the Rolex Airking experiencing a -2.5% drop.
Whisky bottles raised their glasses to another month of gains, averaging 0.5% across the board
The Brora 1978 – 40 YO jubilee edition led the pack with an impressive 6.0% increase. Meanwhile, whisky casks remained steady with a 0.6% overall increase.
In the realm of wine investments
There was a slight decline of -0.7%, but the Petrus 2009 magnum bottle showcased its resilience with a 6.5% increase and a year-to-date performance of 8.7%.
Lastly, precious metals had a rough September, with both platinum and silver experiencing price drops of -2.4% and -6.6% respectively. Despite the glittering world of luxury investments, it seems gold wasn't the only metal feeling the pinch.
In conclusion, the world's appetite for luxury products continues to increase. We are optimistic about the value development of our assets. As in the past, we will continue to adjust our product offerings based on the current market situation within each category. So, stay tuned for more thrilling investment opportunities on the horizon!
Top performers per category
Discover the highlights of Splint Invest’s November performance! This month, art, sneakers, and sports cards led the way, with standout assets delivering impressive returns. Meanwhile, categories like diamonds and wine faced challenges but represent only a fraction of our portfolio. Learn about exciting trends, including our latest successful exit with Salvador Dalí's Hidden Faces, achieving a net profit of 12.8%.
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