Wealthy wine investors ‘not out for financial gain’
Wealthy wine investors ‘not out for financial gain’
Aug 20, 2012 6
(Decanter) - Wine isn’t seen as a worthwhile alternative investment by the rich, according to a new report commissioned by Barclays. In a global survey of over 2,000 people worth at least £1m each, most cited wine last in a shortlist of ‘treasure assets’ – including fine art, classic cars, precious jewellery and antique furniture – that they’d regard as alternatives to standard investments.
Most wine collectors said they do it for enjoyment, consider their cellars ‘priceless’, and would not even bequeath them to their children.
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