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The secondary market for Fine Wine continues to prove itself a better investment than gold and shares. While international stock markets have plummeted in 2022, Fine Wine prices have continued their upward trend. Their returns are currently well above those of gold and most major stock indices, such as the S&P 500 (USA) and the FTSE 100 (UK).
According to figures from the London-based investment firm Cult Wines, fine wines increased in value by over 20 per cent last year. In the 2022 annual report, fine wines far outperformed traditional financial assets. As a result, they proved "relatively immune to a volatile macroeconomic environment". As a result, investors are expected to continue to seek tangible assets such as premium wines in 2023 and as inflation in many countries remains at its highest level in several decades. Burgundies saw the strongest gains in this regard in 2022, with the Cult Wines Burgundy Index rising 31.31 per cent over the year, followed by Champagnes, which rose 19.35 per cent.
(ru / Source: Drinks Business; Photo: 123rf.com)