Wine Investing

Filed in archive Wine News on August 6, 2006

We had company staying with us not too long ago and when they saw all the wine in our little wine cellar of sorts they were amazed at our stash.

My husband is way worse than I am about stashing it away.

At least I drink the wine where as he has some kind of Great Depression mentality that he needs to save, save, save it.

Considering that wine investing is a growing trend in the financial world, maybe his inclination to save isn't that bad of an idea. But, it still isn't as much fun as drinking it!

For those who have seriously thought of using your interest in wine as an avenue for some financial perks, you might find this article Market Watch interesting:

The Internet has yanked the cork out of wine as an investment class, with trading volumes bubbly and some index values up 40% to 45% in the past year or so, market professionals say.

Web-based electronic trading platforms mean investors can buy and sell wine anonymously with much the same ease as other investment assets. The Internet has also made research into pricing and availability easier for would-be investors.

"More people are investing in wine. It's not such a niche, closed market like it used to be," said Anthony Maxwell at The London International Vintners Exchange, an electronic trading platform for fine wine, which launched in July 2000.