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How Money Works · Publiée le 28 avril 2019
Fine wines are one of the most sought after goods for those who enjoy the taste and class associated with them. With many wines, aging is one of the ways they continue to taste better and better. That means people are willing to pay more in the future for wines that age well. This has led to one of the most interesting forms of alternative investing, and even services have been created for collecting pricing data and coordinating the trading and exchange of investment wine. In March 2019, a wine auction at the world famous auction house, Christie’s was held for a variety of wines. During the auction, the most expensive sale was 12 bottles of wine from Burgundy, France for a little over $305,000. That is over $25,000 per bottle of wine. In 2011, the same case sold for between $97,000 and $116,000 in today’s dollars, marking an increase of over 126% over those 8 years. Overall, the auction seemed to be pretty successful with about 90% of all wines being sold. The rise in popularity of wines being bought from the secondary market has grown intensely from the year 2000 to about $4 billion in 2018. Although this is pretty insignificant if you compare it to total private equity investment activity of $800bn in 2018, $4Bn is still pretty significant. #WineInvesting #InvestInWine #HowMoneyWorks Sources: https://pastebin.com/R4KbyAXu DISCLAIMER: This video is not official financial advice. We are not licensed financial advisers and are not advocating for purchasing any securities mentioned in this video or any other videos posted by Compounded Daily. Always do your research before purchasing any securities.
