Fine wine shows record gains 2010
By FT.com Published: January 4 2011 17:08 | Last updated: January 4 2011 17:08
Wine is proving to be a stellar investment, far outperforming its rival assets over the past year.
In December the price rise for wine was limited to just one per cent, in contrast to gains in equities of 6.7 per cent, gains in gold at 2 per cent and gains in oil of 8.7 per cent. But over the whole year in 2010 wine outperformed all the other asset classes for the second year running.
“A classic Christmas rally sent equity markets to the year’s highs as traders bet on continuing strong growth for emerging markets and a firmer US recovery in 2011,” said Gary Boom, founder of Bordeaux Index, a fine wine merchant.
“With cyclical bulls viewing the surge in the US 10-year Treasury Note as a sign that growth could be about to take off and yet more talk of further monetary stimulus in the spring, analysts are predicting both commodities and equities to show well in 2011.”
Festivities, such as next month’s Chinese New Year are expected to keep the fine wine prices growing in the first quarter.
In December the price rise for wine was limited to just one per cent, in contrast to gains in equities of 6.7 per cent, gains in gold at 2 per cent and gains in oil of 8.7 per cent. But over the whole year in 2010 wine outperformed all the other asset classes for the second year running.
Wine investors are now enjoying returns of 32 per cent, much higher than the 22 per cent return on the classic safe haven, gold. Over the last 15 years, the average annual return on fine wine has been 15 per cent.
“With cyclical bulls viewing the surge in the US 10-year Treasury Note as a sign that growth could be about to take off and yet more talk of further monetary stimulus in the spring, analysts are predicting both commodities and equities to show well in 2011.”
Festivities, such as next month’s Chinese New Year are expected to keep the fine wine prices growing in the first quarter.
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