A Porsche or a Picasso ?

High-value luxury cars are becoming a more popular investment option for Britain's rich than the stock market, a new study suggests. A growing number of people now own four or more luxury cars, with some of the ultra-rich having collected as many as 30 of the top-end models, including Jaguar and Rolls-Royce. Almost two-thirds of these cars are less than two years old, and half have personalised number plates. But most of these expensive cars are used sparingly, with their owners clocking just around 5,000 miles every year.

Scott Leonard, high net worth underwriting manager at Aviva, said:
"It seems that people with money to spend and invest are now as likely to add a new prestige car to their possessions as a work of art, so perhaps Porsches are the new Picassos."