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The Analysis of the Investment Opportunities into the Wine

In: Eurasian Business and Economics Perspectives

Author

Listed:
  • Daniela Majerčáková

    (Comenius University in Bratislava)

  • Michal Greguš

    (Comenius University in Bratislava)

Abstract

The aim of this article is to characterize and analyze the possibilities of investing in wine and champagne. The object of our research is the investment wine market, which accounts for approximately 0.1% of all wines produced. This wine comes mainly from the French regions of Bordeaux, Burgundy, the Rhone Valley, and Champagne. World wine production in 2018 was more than 282 million hectoliters, while in 2017 there was a significant decline, to 250 million hectoliters. The object of our interest of the wine production gives us a fundamental research question into the analysis, namely, the examination of the benefits and risks of investment wine and its properties, which makes it a suitable investment commodity. The increasing decline of the world’s wine-growing regions and changes in their area over the last century, as well as changing climatic conditions, presuppose a review of another aspect of our analysis, namely the originality and value of investment wine with an advantage or threat compared to other investment opportunities on the market. Our findings show that wine is the most efficient alternative to gold and stock investment during the minimum of 10-year investing period. In our research we used data based on London Liv-ex stock exchange, wine investment portal data, and data from several relevant sources based on previous research.

Suggested Citation

  • Daniela Majerčáková & Michal Greguš, 2021. "The Analysis of the Investment Opportunities into the Wine," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Ender Demir (ed.), Eurasian Business and Economics Perspectives, pages 189-201, Springer.
    • Handle: RePEc:spr:eurchp:978-3-030-65147-3_13
    DOI: 10.1007/978-3-030-65147-3_13
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