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Why you should invest in alternative assets like art, whisky and watches, according to the experts

Rise Art, Cask Trade and Wristcheck founders describe the benefits of betting on secondary luxury investments, while investors seek transparency and meaningful connections

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Fine watches like this Richard Mille are one example of the sorts of alternative assets now receiving greater attention as more conventional options fail to deliver expected returns. Photos: Handout
Gloria Fung

Alternative assets – from works of art to vintage wines and whiskies to luxury watches – have long been a haven for open-minded investors when traditional assets like property and bonds underperform. However, expert guidance remains essential to navigating these markets, which can rely on what appear to be arcane systems for valuing assets. Happily, a rise in middleman platforms specialising in the curation and procurement of alternative investments is democratising this process.

Scott Phillips, CEO and founder of Rise Art, the London-based online gallery, has observed this desire for more mindful transactions. “Over the past few years, we have found that people’s attitudes towards luxury have shifted slightly. Rather than just buying a brand, our customers tend to be looking for experiences and connections.”

Elsewhere, Cask Trade, a firm specialising in the consultation, curation and portfolio management of whisky bottles and casks, with bases in Hong Kong and London, has been helping new investors hone in on how to invest in their first whisky cask.

Rise Art co-founder Scott Phillips
Rise Art co-founder Scott Phillips

“We see a wide range of first-time buyers: whisky lovers who want to start a romantic journey of owning a cask, adventurous young investors seeking to diversify their portfolios, as well as indie bottlers who have just started their bottling business,” says Simon Aron, founder of Cask Trade. “It’s also a growing trend in the Asia market for parents to pick casks from their child’s year of birth as a memorable 18th birthday gift.”

Platforms such as these provide the perfect ecosystem for those starting their alternative investment journey. They help newcomers have meaningful and genuine conversations that the primary market can leave unaddressed. Their professional connections within their respective industries give investors access and transparency in pricing that would otherwise be unavailable to neophytes.

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