Wine is also in demand as an investment. However, the risks and side effects remain considerable. Investments are associated with considerable costs.
Uur neighbor Fridolin gave his wife a surprise not so long ago. First he bought a high-quality wine cabinet that is suitable for long-term storage of fine wines. Then he filled the cupboard with eight bottles for which he had put down a small five-figure sum. At first glance, this price sounds crazy, but Fridolin struck gold at a dealer in Bordeaux, where he got eight bottles of Latour and two bottles of Pétrus from a younger vintage. These are wines from the absolute upper class, which have their price, which may increase significantly in the coming years. To the grief of his wife, Fridolin had not bought the bottles to drink the wine. Rather, he sees it as a long-term investment.
The combination of the low interest rate and the aversion of many Germans to the share promotes the demand for collectibles as capital investments. Admittedly, this trend is not entirely new. Wine has long been in demand as a capital investment in Germany, and there are quite a few entrepreneurs, managers and freelancers among those who buy expensive wines. If you look at the bare numbers, wine as an investment seems to be a serious alternative. Not so long ago Elroy Dimson, Peter L. Rousseau and Christophe Spaenjers published an extensive study of the price development of first-class Bordeaux wines.