Buying Wine As An Investment [iPad]

The story of wine as an investment is a transition from a niche hobby to a sophisticated global asset class. While people have collected wine for centuries, it only became a recognized financial instrument in the late 1970s after certain US states legalized the resale of wine without a retail license. 1. The Core Narrative: Scarcity and Time

: Investors profit from "time elasticity"—the idea that wealthy consumers will pay a significant premium to skip the 10–20 year wait for a wine to reach its peak flavor. buying wine as an investment

The basic "plot" of wine investing is simple: buy a prestigious bottle when it is young and sell it once it reaches its optimal drinking maturity. The story of wine as an investment is

: Unlike other assets, supply is finite. Every time a bottle of a specific vintage is drunk, the remaining bottles become rarer. The Core Narrative: Scarcity and Time : Investors