Why Vintage Wine is a Good Investment
Over the past couple of years, wine investing has become increasingly popular. Why does investing in wine provide such great, consistent returns? What investment, other than wine, can be so much fun to purchase and can also provide profits of as high as 15% or more? There are many reasons why purchasing vintage wine is one of the best investment opportunities available in the current economic climate.
Vintage wine, especially Chateau Lafite, shows tremendous growth regularly. In fact, Chateau Lafite has shown as much as a 40% growth in the space of one year. So why is wine such a dependable profit builder? First, wine is not affected by the numerous factors that influence most other economic markets. As such, it does not suffer from diminished value when the financial markets drop. Also, there has been a recent increase in the demand for some of the world’s finest wines, especially in Asia.
In 2008, Hong Kong abolished all taxes on wines. This lack of taxation combined with the growing number of billionaires in the region has created a thriving market for the world’s finest wines. The demand for vintage wine in these areas is astonishing. In fact, Sotheby’s reported that nearly 60% of all of its wine sales in 2015 went to buyers in Asian countries. Since this demand is on the rise, the prices of great wines are sure to keep rising. This makes wine investing a wonderful opportunity for any savvy investor.
If you choose to start investing in wine, make sure you have all the information needed to buy the most promising wines and to ensure that they have been stored correctly. If you aren’t sure where to start, consult with the experts at comparethefinancialmarkets.com.
As in all things, when purchasing fine wines for investment, advice should be sought from experts.
Choosing the best wine investment can be difficult, so careful consideration is crucial. Your questions on the best wine investments will be answered by our industry experts, free of charge.
Best Wine Investments
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