![]() That’s because the value of fine wines can decline if not properly stored in a well-maintained cellar. While both alcoholic drinks need to be stored, whiskey is much easier to store than wine. Once bottled, the flavor of the hard liquor doesn’t change (unlike wine). This is one reason why it’s not uncommon for investors to buy barrels of whiskey as opposed to individual alcohol bottles. The alcohol bottles themselves are not that old, but the barrel in which the liquor matured is. This is why there are whiskeys, such as single malt whiskeys, that are 12, 20, 50, or even 75 years old. Whiskeys, on the other hand, are aged for many years in a barrel before being bottled and have higher alcohol content. ![]() Very few wines last beyond a decade and those that do are usually the ones worth investing in. The majority of wines should be drunk within a few years of bottling. ![]() As the alcoholic drink ages, its chemical composition changes, and the fermentation process turns the wine into vinegar. Wine is usually aged for 8 to 12 months before being bottled and continues to mature in the bottle. With that said, there’s a good argument to be made for including them in any well-diversified portfolio. In fact, our recent study found that, across 20 + asset classes, wine comes out as the second best performing asset class over the past year. ![]() And as demand for the assets goes up and investors snatch up bottles, prices tend to rise due to limited supply.īoth wine and whiskey have outperformed the S&P 500 by 15% to 32% in the past year. Some producers may make as little as 500 cases per year, such as the coveted Screaming Eagle Cabernet Sauvignon red wine. They’re also in high demand since many luxury bottles are produced in limited quantities. The two beverages are considered long-term investments of five years or even longer since older bottles are more likely to increase in value. While wine, whiskey, and other spirits are consumer goods, some bottles can also be an investment and fetch sky-high prices on the market – a Macallan Fine and Rare 60-Year-Old 1926 bottle sold for $1.9 million at auction in 2019. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |