Fine wine is attracting growing interest as an alternative investment thanks to disillusionment with traditional asset classes such as equities, writes James Miles, and some headline grabbing vintages from the world’s leading wine regions in recent years, particularly Bordeaux 2000 and 2003.
James Miles is a director of Liv-ex Ltd (the London International Vintners Exchange) and a former equities broker with BNP Paribas. Liv-ex is an independent trading and settlement platform for the fine wine trade. Liv-ex also sells price and other market information to private collectors from www.liv-ex.com.
This article appeared in the October 2004 edition of Finance Magazine.
