More People Want Invest In The Finer Things In Life
A lack of confidence in the financial markets has left investors searching for alternative investments. Instead of buying stocks and shares, investors are now looking to the fields of art and wine investment in order to expand their portfolios.
The current economic climate has made investors wary of putting their money into failing businesses and the stock market is currently too violtile to consider investing in too much money. At the same time business insurance premiums continue to increase and confidence in banks and high-street lenders is at an all time low.
While traditional investments are on the decline, investing in wine is currently a very good option for most investors. Wine prices have continued to rise despite the economic climate and this trend looks set to continue over the next year.
Sotheby’s has seen many of its fine wine sales sell out at 97, 98 and even 100 per cent. Demand for wine is being driven by Asian buyers particularly, said Serena Sutcliffe, head of the international wine department at Sotheby’s.
With investors looking to profit from less traditional channels it looks like a good way to expand your portfolio this year could be through wine investment and art investment. With more people looking to expand into the wine investment field it could end up being a bumper year for vineyards
