Fine wine as an investment is more accessible than ever before. It’s no longer just the elite wine connoisseurs involved in the practice. Today, anyone can use wine investment apps and companies to get started.
A fine wine investment app is a little different. Most fine wine apps are designed to help users find new wines to try, whereas wine investment apps are targeted to specifically help you find wines with the best return on your money.
Why invest in fine wine?
The best wines require just the right climate conditions. However, once a wine is made, it enters a relatively stable market. Fine wine prices aren’t affected by external factors, meaning the market is less volatile than the stock market, making fine wine an ideal asset in financially challenging times.
As well as offering a more reliable investment opportunity, the fine wine market can provide some excellent returns. The wine market has surpassed many more traditional investments, including real estate.
And demand for fine wine is growing, fueled by buyers in Asia. However, very few wines are worth the investment. This means that as time passes and more people consume investment-worthy wines, availability decreases, and price increases.
One of the issues people have with stock market investments is that they don’t get any physical assets. On the other hand, when you invest in wine, you get a physical asset. However, this comes with additional challenges since wine must be stored in a very particular and stable climate. Not everyone has the space or means to hold their investment wines properly.
The fine wine market is a worthwhile investment for many reasons. But that doesn’t mean it’s an easy or safe bet. The risk of losing money on investments is relatively high for those without in-depth knowledge of fine wine and the financial and physical resources to store their fine wine investment.
How can an app help you invest in fine wine?
Fine wine investments are challenging but worthwhile. The right app can help you get more from your fine wine investments.
Apps provide you with informed recommendations that reduce investment risks. The threat of purchasing a counterfeit bottle of wine, or just a bottle that isn’t going to increase in price, is relatively high for those who don’t have extensive knowledge of fine wines.
Most people don’t have the finances or space to build a cellar to properly store wine and ensure it can mature to its full value. However, wine investment businesses can provide the necessary storage facilities to protect your wine.
Wine apps also provide a crucial way into the fine wine market. Previously, fine wine for investment could only be found in a few exclusive spaces, namely private collector clubs and auction houses. Fine wine apps and companies have helped to open up the market, making buying and selling fine wines more accessible for amateur wine investors.
The various challenges of investing mean most people are left needing help navigating the fine wine market.
The top wine investment apps of 2022
Those curious about investing in fine wine should take a look at these companies:
- Cult Wine Investments
Vinovest is a relatively young wine investment business founded in 2019 by Anthony Zhang and Brent Akamine. The business model allows consumers to buy and sell rare wines online and uses AI and the latest data to recommend the best wines for your portfolio.
Vinovest is an excellent option for beginners and more advanced investors. You can start investing with Vinovest with as little as $1,000 in your account, and the company charges an annual fee of 2.85%.
Cult wine investments
Cult Wine Investment is another AI-driven wine investment platform. With Cult Wine Investments, investors get an advisor to guide them on their portfolio investments. Four sign-up levels are available, with the entry plan (Cru Classé) having a minimum investment of £10,000 and the highest tier (Cult Cru) requiring a minimum £50,000 investment. Annual fees range from 2.25 to 2.95%, and all include portfolio management and wine storage.
Vindome allows investors to buy wine bottles and collections for a set price or by placing a bid on the Vindome live market. The platform charges a monthly fee and automatically stores wines bought.
Vinfolio offers investors the chance to buy and sell fine wines but requires a minimum account balance of $25,000 before clients can begin investing. For an additional fee, investors can also store wines in the Vincellar.
Should you invest in fine wine?
Previously, it would be inadvisable for someone who was not a wine expert to invest in wines. Today that is no longer the case.
Amateur investors now have access to vital resources to help them buy and sell the right wine at the right time. Of course, it’s still important to do your research, but wine investment apps and companies can seriously reduce the risk involved.