Nicholas Holt Head of Asia-Pacific Research

Content

◆ Background

◆ The Top 10

◆ Behind the headlines

◆ Comparative assets

Background

◆ Why?

Attitudes Survey 2015 – Investments of Passion

62% 63% 23% 67%

..of respondents said their clients

becoming more interested in passion

investments, although..

..said clients collect

primarily for pleasure. But..

..said capital growth and

“safe-haven” status main motivation.

And..

..of respondents with Chinese clients said

capital growth most important

Background

◆ Why?

◆ What?

◆ How?

Jewellery Art Classic cars Wine Furniture Watches Coins Stamps Chinese Ceramics Coloured diamonds

Best available third-party data Weight each asset to create KFLII

The Top 10

The Top 10 – changing fortunes

10

10

10

10

10 10

10

10

10

10

Art

Furniture

Chinese ceramics

Jewellery

Watches

Cars

Wine

Stamps

Coins

Coloured diamonds

2005

12

3

6

9

6

21

12

10

12

9

2015

Behind the headlines – classic cars

Behind the headlines – pearls

Behind the headlines - art

Standard KFLII +206% £ 3.1m

Behind the headlines – portfolio mix

The Hellraiser The Ladies’ man The Geek

+313% £ 4.1m +165% £ 2.7m +150% £ 2.5m

Comparative assets – 10-year capital growth (Q3 2015)

KFLII +206% Gold +174% Jewellery +159% HK Luxury houses +124% Hang Seng Index +41% 0

50

100

150

200

250

300

350

400

450

Se

p-0

5

Ma

r-0

6

Se

p-0

6

Ma

r-0

7

Se

p-0

7

Ma

r-0

8

Se

p-0

8

Ma

r-0

9

Se

p-0

9

Ma

r-10

Se

p-1

0

Ma

r-11

Se

p-1

1

Ma

r-12

Se

p-1

2

Ma

r-13

Se

p-1

3

Ma

r-14

Se

p-1

4

Ma

r-15

Se

p-1

5

Ind

ex

(Q

3 2

00

5=

10

0)

Passion versus property

One of these…. Four-bed, 3,314 sq ft

townhouse, Villa Rosa, Tai Tam, Island South

HK$160m =

Passion versus property

About half of this…. 1962 Ferrari 250 GTO

Berlinetta

$38m or

Passion versus property

About 1.5 of this…. Madonna Laboris, 1931, Nikolai

Konstantinovich Roerich

$12m or

Passion versus property

Almost two of these…. Fancy deep-blue diamond 5.3

carat Bulgari 'Trombino' ring

$9.3m or

Passion versus property

Around two of these…. Yongzheng blue and white garlic-

mouth vase

HK$76m ($9.8m)

And just in case you didn’t know

◆ Knight Frank is…

◆ More than 13,000 people in….

◆ Over 400 offices in….

◆ 58 countries across….

◆ Six continents

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