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Cookie Table of our cookies
Cookies you may see used on konvi.app
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It has been established that fine wine as an alternative asset is more likely to maintain its upward trajectory during various different market environments - rising inflation, for instance - when compared to other alternative assets in the same category such as Gold.
During the period of rising inflation in 2021, Fine Wine has offered a reliable track record of positive real returns both in the short and long run, as stated in Knight Frank’s 2022 report. Gold also has been able to perform well, but it has always come at a price of being susceptible to higher volatility than fine wine ever could.
Fine Wine vs Gold: Which performed better in 2021?
Both fine wine and gold are considered to be good investments to resist against the negative impacts of inflation due to their scarce real asset status.
However, during times of inflation, the purchasing power of money and also the value of an investors’ portfolio are most likely to be impacted by the volatile market conditions. Gold has certainly performed well when the Russia-Ukraine war started and during the related macro economic uncertainty - however, over long periods of time, it will be wise to remember that gold may not always offer the best option.
The OECD’s data across all G-20 economies shows that the CPI (Consumer Price Index) rose 6.1% over the 12-months through December. During this period of surging inflation, Gold prices sank by -3.64% in 2021 (USD/ounce) while Fine Wine surged to record highs. The Liv-ex 1000 index, the broadest measure of the market, estimated the real returns at 12.23% in 2021.
The Potential of Fine Wine Investment
Both fine wine and gold have investment potential that stems from their scarce nature.
The supply of fine wine is restrained by the exclusive and specialized nature of producing the top quality wines - as only specific vineyards in specific regions are qualified and recognized to undertake the task of production. In contrast with the uncertain price of gold, the price of fine wine is supported by this factor even as the purchasing power of hard currency weakens with the rise of inflation.
While Gold is seen as a ‘safe haven’ asset during uncertain times and economic downturns, fine wine prices are dependent more on internal factors such as demand/supply, the quality of the wine, and the prestige of the brand that produced them. Gold prices, on the other hand, are more prone to the influence of the volatile market changes than fine wine.
For example, Gold’s negative performance in 2021 has been widely attributed to the soaring equity markets. As investors were seen moving into risk assets as the inflation increased, fine wine prices were seen rising due to the imbalance of the internal supply-demand factor.
It is also important to note that this does not imply that fine wine will always outperform gold during volatile times, or it will always provide a hedge during periods of rising inflation. Fine wine as an alternative asset is a worthwhile investment due to its unique characteristics and track record. This factor alone makes it a valuable component of an investment portfolio which has the potential to deliver positive returns during tumultuous conditions of the investment market.
Thinking about investing into wine? Check out Konvi’s app for more information and investment projects to participate in from 250€ only.
