Fine wine investment has leaped since Brexit: These vintages will give you the biggest return on investment
The market for wine investment has risen 20 per cent in the year to date, boosted by the Brexit vote, a new report has suggested.
With uncertainties in traditional markets caused by the vote to leave the European Union, investors wanting to capitalise on weak sterling are looking for alternatives.
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Compared to other "treasure" assets like art or classic cars, fine wine nearly always performed at the top of the measurements of the study by Vin-X, a wine investment company (funnily enough).
In the report, Vin-X analysed 25 Bordeaux wines since 2008 and concluded investors should mix prime mid and off vintages to drive growth and minimise risks.
Peter Shakeshaft, founder and chief executive of Vin-X, said: “Including fine wine in your portfolio could be an important addition providing stability and growth over the years ahead – particularly at a time of historically low interest rates.
“Despite the fact that fine wine is a very stable asset – not as volatile as equities and not directly correlated to the performance of the financial markets – to get the most out of your investment you still need to monitor performance.”
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The wines selected for analysis included Bordeaux First Growths and their Second Wines, Super Seconds and Right Bank wines.
The best performers, according to the analysis, were:
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2008 – 2011: Off vintage First Growths and their Second Wines
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2011 – 2014: Off vintage Super Seconds and Right Bank wine, particularly Angelus and Pavie
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2014 – 2016: Mid vintage First Growths and their Second Wines
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2016: Mid vintage First Growths and their Second Wines
Vin-X predicted an increasing move toward prime vintages as the new market in China becomes more "normalised and quality sensitive".