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Wine as a medium term investment vehicle

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  • WALTER C. LABYS
  • BRUCE C. COHEN

Abstract

Summary An analysis is made of the prospects of wines as an, investment. After an examination of the characteristics of fine wines and selection of a group of French wines for further consideration, wine auctions are examined with regard to their suitability. for observation of wine investment opportunities. The analysis of yields obtained from wine investment on basis of the auction prices suggests that one should buy wine for the purpose of consumption rather than for investment.

Suggested Citation

  • Walter C. Labys & Bruce C. Cohen, 1978. "Wine as a medium term investment vehicle," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 5(1), pages 35-49.
  • Handle: RePEc:oup:erevae:v:5:y:1978:i:1:p:35-49.
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    File URL: http://hdl.handle.net/10.1093/erae/5.1.35
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    Cited by:

    1. Eric Le Fur & Jean-François Outreville, 2019. "Fine wine returns: a review of the literature," Journal of Asset Management, Palgrave Macmillan, vol. 20(3), pages 196-214, May.

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