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.
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