This website uses cookies

We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that youโ€™ve provided to them or that theyโ€™ve collected from your use of their services.

Cookie Policy

What are cookies?

A cookie is a small text file that a website stores on your computer or mobile device when you visit the site.

  • First party cookies are cookies set by the website you're visiting. Only that website can read them. In addition, a website might potentially use external services, which also set their own cookies, known as third-party cookies.
  • Persistent cookies are cookies saved on your computer and that are not deleted automatically when you quit your browser, unlike a session cookie, which is deleted when you quit your browser.

Every time you visit our websites, you will be prompted to accept or refuse cookies. The purpose is to enable the site to remember your preferences (such as user name, language, etc.) for a certain period of time. That way, you don't have to re-enter them when browsing around the site during the same visit.

Cookies can also be used to establish anonymised statistics about the browsing experience on our sites.

How do we use cookies?

Currently, there are four types of cookies that may be generated as you browse our site: Strictly Necessary, Statistics, Preference and Marketing cookies.

1. Strictly Necessary Cookies

These cookies are essential for you to browse the website and use its features, such as accessing secure areas of the site. Cookies that allow web shops to hold your items in your cart while you are shopping online are an example of strictly necessary cookies. These cookies will generally be first-party session cookies. While it is not required to obtain consent for these cookies, what they do and why they are necessary are explained in the table below.

How do I control Strictly Necessary Cookies?

You can use your browser settings to control whether or not we set session cookies. More information on your browser settings is provided at the bottom of this page.

Please be aware that these cookies are critical to the efficient working of the site. If you choose to disable these cookies from this site, the functionality of the site may be greatly reduced.

2. Statistics Cookies

Also known as "performance cookies," these cookies collect information about how you use a website, like which pages you visited and which links you clicked on. None of this information can be used to identify you. It is all aggregated and, therefore, anonymized. Their sole purpose is to improve website functions. This includes cookies from third-party analytics services as long as the cookies are for the exclusive use of the owner of the website visited.

Statistical information is used in reports and to improve our site. For example, we have used analytics data to add, remove or change features of the site based on how popular they are with users.

We track, for example:

  • the numbers of visitors to individual pages;
  • when pages were visited;
  • how long users stayed on the page;
  • the IP address of the user of the website;
  • the page they came from;
  • technical data about the device being used to browse the site (such as browser and operating system version, and display size) โ€” we use this data to ensure that the technology our site uses is appropriate for the majority of our users, and how best to display the site for users who have less capable browsers.

More information about Statistics cookies

We use cookies from different partners including Google to provide our analytics data. You can read more about how Google Analytics treats your data on their web site. You can also read Google's full privacy policy.

How do I control Statistics cookies?

Google provides a tool to opt-out of Google Analytics. This is available for all modern browsers in the form of a browser plugin. Additionally, you can control how cookies are set using your browser settings.

3. Preference cookies

Also known as "functionality cookies," these cookies allow a website to remember choices you have made in the past, like what language you prefer, whether you have accepted our cookie policy, what region you would like weather reports for, or what your user name and password are so you can automatically log in.

4. Marketing cookies

The advertisements you see displayed on this, and other, sites are generated by third parties. These services may use their own anonymous cookies to track how many times a particular ad has been displayed to you and may track your visits to other sites where their ads are displayed. Please note that advertisers can only track visits to sites which display their ads or other content. This tracking is anonymous, meaning that they do not identify who is viewing which ads.

Tracking in this manner allows advertisers to show you ads that are more likely to be interesting to you, and also limit the number of times you see the same ad across a wide number of sites. As an example of how advertisers operate, if you recently researched holidays, adverts for holiday operators may subsequently appear on our sites.

We do not have access to, or control over, these third party cookies; nor can we view the data held by these advertisers. Online advertisers provide ways for you to opt-out of your browsing being tracked. More information about the advertisers we use, and how to opt-out, is provided below.


We display clips from Youtube related to our purchase opportunities. You can view Youtubes's privacy policy on their website. This page also allows you to control what cookies YouTube saves on your computer.


We work with Google to optimise how Google ads are displayed. You can discover how Google protects your privacy relating to ads at its privacy policy.

Cookies you may see used on

Cookie name Default expiration time Purpose Description
_fbp 3 months Marketing cookies Facebook: to store and track visits across websites.
_ga 2 years Statistics cookies Google Analytics: to store and count pageviews.
_gat_UA-* 1 minute Statistics cookies Google Analytics: functional
_gid 1 day Statistics cookies Google Analytics: to store and count pageviews.
_iub_cs-* 1 year Preferences cookies iubenda: to store cookie consent preferences.
euconsent-v2 1 year Preferences cookies To store cookie consent preferences.
referrerReferralId 1 browser session Strictly necessary cookies Track user referrals
t_gid 1 year Marketing cookies Taboola: assigns a unique User ID that allows Taboola to recommend specific advertisements and content to this user
APISID 2 years Marketing cookies Youtube: Google Ads Optimization
HSID 2 years Marketing cookies Youtube: to provide fraud prevention
LOGIN_INFO 2 years Marketing cookies Youtube: to store and track visits across websites.
PREF 2 years Marketing cookies Youtube: to store and track visits across websites.
SAPISID 2 years Marketing cookies Youtube: Google Ads Optimization
SID 2 years Marketing cookies Youtube: to provide ad delivery or retargeting, provide fraud prevention.
SIDCC 1 year Marketing cookies Youtube: to provide ad delivery or retargeting, provide fraud prevention.
SSID 2 years Marketing cookies Youtube: to provide ad delivery or retargeting, provide fraud prevention.
VISITOR_INFO1_LIVE 1 year Strictly necessary cookies Youtube: to provide bandwidth estimations.
YSC 1 browser session Marketing cookies Youtube: to store a unique user ID.
__Secure-1PAPISID 2 years Marketing cookies Youtube: Google Ads Optimization
__Secure-1PSID 2 years Marketing cookies Youtube: to provide ad delivery or retargeting, provide fraud prevention.
__Secure-3PAPISID 2 years Marketing cookies Youtube: Google Ads Optimization
__Secure-3PSID 2 years Marketing cookies Youtube: to provide ad delivery or retargeting, provide fraud prevention.
__Secure-3PSIDCC 1 year Marketing cookies Youtube: to provide ad delivery or retargeting, provide fraud prevention.
IDE 1.5 years Marketing cookies doubleclick: serving targeted advertisements that are relevant to the user across the web.
RUL 1 year Marketing cookies doubleclick: serving targeted advertisements that are relevant to the user across the web.
variant 1 browser session Strictly necessary cookies For providing targeted content to users
cookie_consent 1 year Strictly necessary cookies For persisting cookie consent
1P_JAR 1 month Marketing cookies Google: optimize advertising, to provide ads relevant to users
NID 1 month Marketing cookies Google: to provide ad delivery or retargeting, store user preferences

Removing cookies from your device

You can delete all cookies that are already on your device by clearing the browsing history of your browser. This will remove all cookies from all websites you have visited.

Be aware though that you may also lose some saved information (e.g. saved login details, site preferences).

Managing site-specific cookies

For more detailed control over site-specific cookies, check the privacy and cookie settings in your preferred browser

Blocking cookies

You can set most modern browsers to prevent any cookies being placed on your device, but you may then have to manually adjust some preferences every time you visit a site/page. And some services and functionalities may not work properly at all (e.g. profile logging-in).

Further help

If you still have any concerns relating to our use of cookies, please contact us at

Allow all cookies
Use necessary cookies only
Konvi logo
๐Ÿ‡ช๐Ÿ‡บ EUR
๐Ÿ‡ฌ๐Ÿ‡ง GBP
๐Ÿ‡ซ๐Ÿ‡ท EUR
๐Ÿ‡ฉ๐Ÿ‡ช EUR
๐Ÿ‡ฎ๐Ÿ‡น EUR
๐Ÿ‡ธ๐Ÿ‡ฌ SGD
๐Ÿ‡ญ๐Ÿ‡ฐ HKD
๐Ÿ‡ฆ๐Ÿ‡ช AED
๐Ÿ‡ด๐Ÿ‡ฒ OMR
๐Ÿ‡จ๐Ÿ‡ญ Franken
๐Ÿ‡จ๐Ÿ‡ญ Franc
๐Ÿ‡จ๐Ÿ‡ญ Franco
Login / Sign up
โ† Back to all articles

Investing in Fine Wine stocks during a bear market? Here's why it's a good idea

Oshin Ahlawat

storage for bottle of fine wine

As we are beginning to head into a precarious economic and financial situation at the moment, it is essential now more than ever to invest in assets which can alleviate your portfolioโ€™s risk factor. One of those reliable financial assets is Fine Wines. Fine Wines have a proven track record of stability and low correlation to market volatility.

Several factors are responsible for this volatility, for example, the increase of sanctions on Russia by the West and the rising price of energy. Value of government bonds, gold, and commodity prices have escalated as a result and in stark contrast to equity markets.

It is more than likely that inflation could rise further due to higher energy prices in the highly liquid and uncertain backdrop. Market volatility will most likely persist for the near future, and some investors may even choose to keep their liquid assets just to maintain flexibility.

The impact of inflation on Fine Wine as an asset class

The defining character of Fine Wine as an asset class is by its degree of imperviousness from volatile and unpredictable shifts in the financial market on a macro scale. You might be wondering why exactly Fine Wine behaves so independently from such precarious financial situations? Well, the defensive nature of Fine Wine makes it less liquid than stocks or bonds in comparison.

They cannot be sold as quickly as stocks or bonds during a market major shock, which in turn helps insulate them from sharp selloffs. Consequently, they are able to form a more reliable store of value than highly liquid assets.

In the near future, the impact on fine wine markets may be less direct or severe. According to the Liv-ex 1000 index, the broadest measure of the market, fine wine climbed 1.6% in February, maintaining a rally in place since mid-2020. There could be some short-term effects in the coming weeks, but it is unlikely that there will be significant week-by-week market swings as we see might in other asset classes. .

For example, Fine Wine has been able to hold up relatively well during the largest market crises in recent history. You can see in the graph below the lowest point of fine wineโ€™s downturn during the Global Financial Crisis and the COVID-19 outbreak. Liv-ex 1000 Fine wine investments correlation

Source: Cult Wines

Long-term return potential

As inflation in most major economies hit multi-year highs in late 2021, fine wineโ€™s performance, as measured by the Liv-ex 1000, had accelerated. Even with the rising energy prices is expected to further fuel inflation, it is safe to say that fine wineโ€™s status as a real asset could support sustained demand during this unpredictable inflationary backdrop by providing an important medium of portfolio diversification for both seasoned and amateur investors.

Fine wine has maintained a low correlation to equity markets due to its "internal supply-demand dynamic"- the primary driver of its market prices. It is essential to hold diverse sources of potential returns especially amid these volatile financial times.

According to Sharpe Ratio, which is a measure of the average return of an asset in excess of the risk-free rate and relative to its volatility, fine wine has shown better risk-adjusted returns in comparison with other investing options like gold, commodities, government bonds, and equities.

The higher the Sharpe Ratio, the higher an assetโ€™s risk-adjusted return. Fine wine had the highest ratio of 1.58 in comparison to others which all had a score lower than 1 except for equities which came in second with a 1.07. Fine wine sharpe ratio volatility

Is this a good time to invest in Fine Wines?

Yes. The answer is yes. The past year saw soaring prices for many iconic wines, including several Burgundy ones, with more investors who are seeking stable, long-term regions, producers, and wines to invest in and diversify their portfolios.

Bordeaux and Italy as regions where relative value improved the most over the past year. The interest in these lower-risk fine wines could be correlated to increase in appeal of low-risk asset classes in the current uncertain inflationary environment.

Investing in fine wine is a long-term endeavor, not a short-term commitment. It will be wise to recognise that fine wine may not remain entirely immune from the volatility in the medium to long term. It might have an impact on fine wine by reducing inflows into the asset class for a short time, but it is very highly unlikely to expect any prolonged and long-lasting slowdown.

Thinking of diversifying your portfolio with fine wine stocks or shares of a professionally managed portfolio? Through Konvi you can access fine wine portfolios from leading investment vehicles and participate in their value development through shares from 250โ‚ฌ.

Tell your friends

Get insights into the luxury collectibles market

Login / Sign up