Emerging market demand boosts prospects for fine wines

Data from specialist managers Wine Asset Managers (WAM) shows that since 1950 fine wine investment has produced average annual returns of 15pc, while the highest average annual return from a fine wine investment over a rolling 5-year period since 1987 is 27pc and the lowest is 3pc. The asset has seen no negative rolling five-year period in the last two decades. Increasing demand among the wealthy in emerging markets can only see this level of performance maintained, said Miles Davis, founding partner at WAM. "It is now de rigueur in these countries to have the best fine wines on the ta...