Wine is an excellent investment because age makes it more desirable. Bordeaux seconds are worth 600 percent more than in 2003. Even in times of uncertainty fine wine is in demand. For ten years wine has outpaced art, stocks, and even gold. More people invest in wine than classic cars due to the returns of twelve to fifteen percent. Once a particular vintage has been consumed it can’t be replaced so as the supply decreases the prices appreciates. Since new grapes are consistently harvested the cycle always continues.
The interest in investing and drinking wine has surged in China, India, Russia, and Brazil. More than 1.8 bottles were purchased in 2013 and China has taken France’s place as the world leader. In 2017 the highest priced wine in history sold in Hong Kong for 1,035,000 pounds to an anonymous Asian buyer. Wine enthusiasm has spread all across the globe.
Prior to investing in wine it is advisable to speak with a financial advisor. The minimum recommended investment is 10,000 pounds. The best wine to purchase will be in global demand and have an excellent record. You should be aware of current values and hold onto your wine for five years. Visit UKV PLC’s Tumblr.
The wine sector is not taxed for capital gains. This is because wine is considered a wasting asset since its predictable life is fifty years or less. This makes wine an unusually efficient tax investment.
UKV PLC is one of the highest quality wine brokerages in the world and is located in the United Kingdom. The professionals are knowledgeable in the acquisition of wine and sell wine of high investment grades. UKV PLC acquires wine with prestigious labels from vineyards in France, Spain and Italy with an excellent representation from the Champagne region. Read full article: https://blogwebpedia.com/invest-wine-ukv-plc-explains.html/
Starting with the moment you make contact with UKV PLC the service you receive will be outstanding. A consultant will meet you at their Surrey office, their London office or in the privacy of your home. Once you are a client you can be assured a consultant will keep you informed regarding the markets current movements and trends.