Christmas gifts with lasting value

Many alternative investments soared in value in 2006, so first editions, fine wines and memorabilia are the gifts which have the potential to keep on giving. We have the experts' six top recommendations.

Many alternative investments soared in value in 2006. As the recent record prices paid for various paintings show, some markets are firmly in bubble territory. However, there are others worth investigating so anyone hunting for a special Christmas gift should consider these tips from our experts: collectables specialist Jamie Breese recommends four great gifts, while in the box below wine expert Justin Gibbs selects the vintages that will outperform in 2007.

A fine antique or rare collectable makes a great Christmas present. Not only does it show a genuine interest in the recipient's finer tastes, but better still, the gift is likely to grow in value over the years. Of course, alternative investments are prone to the same market forces as other assets. But a well-chosen piece has a strong chance of appreciating in the long term, and that's a lot more than can be said for a woolly sweater or gift voucher. Here are four different areas I believe represent good value for those seeking the perfect Christmas gift.

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