BT Money Hacks: Toasting fine wine’s resilience (Ep 128)
Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips.
Wines’ clear capital preservation across the pandemic and its outperformance in 2021 may mean wine could very well be your hedge against inflation. But how’s it been doing so far in 2022 and will these volatile times have an adverse effect?
Correspondent Howie Lim speaks to Anthony Zhang, co-founder and CEO of Vinovest to find out.
Highlights of the conversation:
01:53 Collectible, age-worthy and investment grade wines
06:20 A ‘wasting’ asset?
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08:08 Collecting for passion vs. profits
09:09 Wine prices outpacing inflation
12:12 Outlook for wine investing is good
Produced by: Howie Lim (howielim@sph.com.sg) and Claressa Monteiro
Edited by: Howie Lim
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