With a tough economy and a fluctuating stock market, people have been exploring unconventional investment opportunities.
Wine has become an increasingly popular investment commodity during the past decade. It is less a pursuit of leisured gentlemen with their own cellars and more an investment market similar, to those other commodities which are traded for profit.
Wine has become an increasingly popular investment commodity during the past decade. It is less a pursuit of leisured gentlemen with their own cellars and more an investment market similar, to those other commodities which are traded for profit. The Liv-ex 100—an index that tracks the 100 most sought-after wines—is the industry benchmark.
The price of fine wines – as measured by Liv-ex, is up by more than 150pc over 10 years.
In 1982 a case of Château Latour sold for about $400. That same case currently sells for about $33,000, or an increase of about 8,000%. Château Lafleur has increased about 21,% in the same period. Investors enjoy the comfort of owning a tangible asset, which appreciates in value as it gets older and therefore rarer and more desirable.
But one has to note that, in real terms, the wine investment market is unregulated and still in an embryonic state.
If you would like more information, feel free to contact Dino Zavagno’s team at Gladstone Morgan.
Disclaimer: All content provided on this page are for informational purposes only. Gladstone Morgan Limited makes no representations as to the accuracy or completeness of any information on this page or found by following any link on this page. Gladstone Morgan Limited will not be liable for any errors or omissions in this information nor for the availability of this information. Gladstone Morgan Limited will not be liable for any losses, injuries, or damages from the display or use of this information. This policy is subject to change at any time.
It should be noted the services available from Gladstone Morgan Limited would vary from country to country. Nothing in the comments above should be taken as offering investment advice or making an offer of any kind with regard to financial products or services. It is therefore important to reinforce that all comments above are designed to be general in nature and should not be relied upon for considering investment decisions without talking to licensed advisers in the country you reside or where your assets may located.