Investing in Fine Wine Is More Lucrative Than Ever – Bloomberg

Once an exotic market, parking your assets inside expensive bottles can yield tremendous profits.

 

Buying rare wines is like investing in a startup: You need 10 years of runway to see significant returns. But unlike a startup, wine is a lot more lucrative these days.

Had you allocated $100,000 to Cult Wines, a U.K.-based wine portfolio manager, your money—which is to say your wine—would have returned an average of 13 percent annually. In 2016, its index performance was actually 26 percent. The fine wine secondary market hovers at about $5 billion, a fraction of the $302 billion global wine market. But Euromonitor International Ltd. projects that while “key luxury players face mounting risks in 2018,” the wine and Champagne category is set to increase by an estimated 7 percent.

To anyone that knows wine, French is the must-have and French Bordeaux the absolute must-have

When it comes to what private bank Coutts & Co. calls the “passion index,” wine is right up there with fancy cars and rare coins [ . . . ]

Continue story at BLOOMBERG: Investing in Fine Wine Is More Lucrative Than Ever – Bloomberg



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