Bullish on wine

Mention a fine Bordeaux and one elicits images of comforting Provencal meals, Loire valley
châteaux or maybe posh New York restaurants. Those images are so 20th Century. To an increasing number of savvy investors, a fine Bordeaux now elicits images more akin to Wall Street than the wine cellar.

For the past decade fine wine has been emerging into its own asset class. The value of the Liv-ex 100 Fine Wine Index, an index of the top 100 wines on the London International Vintners Exchange Liv-ex, was up 1.2% in January. Other fine wine funds, essentially fine wine mutual funds, were up between 1.7% the Fine Wine Fund  and 4.6% the Vintage Wine...