The fine wine investment market 'bottomed' in October 2012 after the biggest downturn ever for the industry.Premier Cru
The fine wine investment market 'bottomed' in October 2012 after the biggest downturn ever for the industry.Premier CruHowever, since November last year, the average market growth for investment wines reached at 15%.ReutersPremier Cru predicts that the market will increase by 10%, by December this year. Here, the ultra-rare magnums of Le Pin 1982 wine are displayed at Sotheby's, ahead of auction.ReutersGrowth has been driven by a mature and wide Chinese market and suppliers are buying up stock.ReutersEconomists who believe China's rebalancing is underway say population trends and income growth are only part of what will trigger a sustained increase in consumption's share of the overall economy.ReutersStacey Golding, co-founder and CEO of Premier Cru adds Chateau Pontet Canet and Chateau Lafite Rothschild on the Watchlist.IBTimes TVBottles of Bordeaux Haut-Brion Pessac Leognan red wine (L, 1961 and R, 1998) are displayed for auction at the Hotel de Crillon in Paris. A case of Chateau Haut-Brion 2008 sold for £3,100 on the London Liv-ex wine exchangeon 12 April this year - its highest level in 10 months.ReutersWhen you invest in fine wine, you physically own the wine, not shares or units. Investment houses store the wine in specialist areas that monitor the atmospheric temperature and humidity, in order to protect from deterioration. Premier Cru stores investments at Octavian Warehouse in Corsham, Wiltshire in an old WWII bunker.Premier Cru
The fine wines market has evolved into an established alternative investment sector where people seek to diversify their portfolios.
Over the years, total returns have vastly exceeded those in traditional assets, such as equities and bonds, even during unprecedented market collapses.
IBTimes UK takes a look at the latest data from Premier Cru (Fine Wine Investments Limited) which says the market is set to surge by the end of 2013.
