Peter Lunzer is the founder of Lunzer Wine Investments (LWI) and has over 30 years experience in the wine sector. He formulated the Price Step Theory and subsequently developed the Wine Price Ratio. Peter has been one the most successful wine fund managers achieving returns in excess of 100% over a 5 year period.
Peter's fund is almost exclusively focused on investing in top Bordeaux Chateaux which have shown consistent returns over many decades.
In this Opalesque.TV BACKSTAGE video interview, Lunzer explains:
1. History and Evolution of Investing in Wine
2. Why are institutions now warming up to investing in wine?
3. What is the Market Structure? How and where is wine traded, what are the price mechanisms? Are there optimal entry and exit points for investing in wine?
4. What factors influence wine as asset class?
5. How big is the market?
6. Why Bordeaux wines in particular?
7. How did the UK end being the trading and investment hub for Bordeaux wines
8. Liquidity considerations: Investors' biggest misunderstanding regarding wine
9. Storage, Custody and Insurance
In 1855 French authorities classified 61 wines from First Growth to Fifth Growth. Today, about 45 Chateaux from the Medoc, St. Emilon and Pomerol are perceived by LWI as 'investment grade'.
'Investment Grade' wines:
- Are perceived as high quality by the world's most revered wine critics
- Have finite production capabilities
- Price behaviour over several decades can be analysed
- Have ageing capability
- Investment grade wine stock is estimated at GBP6-8bn globally
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Peter Lunzer is the founder of Lunzer Wine Investments (LWI) and has over 30 years experience in the wine sector. He formulated the Price Step Theory and subsequently developed the Wine Price Ratio. Peter has been one the most successful wine fund managers achieving returns in excess of 100% over a 5 year period.
Peter's fund is almost exclusively focused on investing in top Bordeaux Chateaux which have shown consistent returns over many decades.
In this Opalesque.TV BACKSTAGE video interview, Lunzer explains:
...more