A Keynesian Theory of Investing in Fine Wine

Fine wine has been a hot alternative investment category this year, as Blake Gray recently reported in his Wine-Searcher column. Fine wine investment is a very specialized field and anyone who is interested in taking the plunge is advised to get acquainted with research on the topic, especially including the reports from Liv-Ex, a leading fine wine trading platform.

Drinkers, Collectors, Investors

I divide the world of fine wine buyers into three over-lapping groups: drinkers, collectors, and in...