Keep your Jackson Pollocks on the wall for now – owning classic cars could be more profitable than art, gold or property.

The classic car price index soared by 127 percent between 2011 and 2015, according to data released in WealthInsight’s 2016 UK Wealth Report. Vintage motors might even prove to be a better investment than blue chips – the FTSE 100 only increased by 12% over the same period.

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As the UK’s millionaires have started putting their faith in four wheels, the price indices for wine and fine art have both fallen. The wine price index fell by 17% between 2011 and 2015 while the same period saw art prices tumble 36%.

In 2014 the most expensive car ever sold, a 1962 Ferrari 250 GTO, went for $38,115,000 (£22 million) at Bonhams’ vintage car auction in Carmel, California. Classic cars are an attractive investment for UK millionaires as their sale is exempt from Capital Gains Tax, which usually costs higher-rate taxpayers 28 percent of any profits made on stocks, bonds or property sales.

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By 2020, the report from WealthInsight predicts, collectables such classic cars and artworks are set to overtake commodity investments to become the second most popular form of alternative wealth storage for the UK’s wealthiest residents. At the moment, about one percent of the net worth of individuals with one million dollars or more in assets is made up of collectables.

The report projects that by 2020 that figure will rise to 1.4%, after the proportion of assets high net worth individuals invest in commodities dropped from 2.3% in 2011 to 1.2% in 2015.