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By: Olivia Rudgard
Wine sales received a Brexit boost as foreign buyers capitalised on the weak pound to buy from British dealers. Investment in fine wine has been growing as buyers in Asia become wealthier and more knowledgeable about wine.
Experts also say volatile stock markets and low interest rates have pushed investors to look for returns outside traditional areas. Nick Martin, of wine exchange platform Wine Owners, said: "People are holding less in cash and bonds – there’s no point doing so.
"Since the financial crisis, people with a large amount of discretionary cash are more likely to put money into things that are tangible, so it’s not just whether they’re going to provide a decent return. It does to a certain extent depend on what you're interested in. Wine gets more than its fair share because interest in wine is more common."
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