Prices of investment-grade wine have risen 13%, making it frontrunner of luxury investment index
There has been no hangover for wine investors during the pandemic, with bottles of Bordeaux proving a better bet than stashing cash in a Hermès handbag or rare whisky.
Interest from collectors helped wine see off competition from watches and cars to top Knight Frank’s luxury investment index, with prices of investment-grade wine rising 13% in the year to the end of June. That performance beat watches and cars into second and third place with gains of 5% and 4%.
