Finanse, Rynki Finansowe, Ubezpieczenia

Previously: Zeszyty Naukowe Uniwersytetu Szczecińskiego. Finanse, Rynki Finansowe, Ubezpieczenia


ISSN: 2450-7741    OAI    DOI: 10.18276/frfu.2018.94/2-03
CC BY-SA   Open Access 

Issue archive / 4/2018
Inwestycje kolekcjonerskie. Analiza inwestycji na rynku win
(Investing in luxury collectibles. Analysis of investments on wine market)

Authors: Urszula Gierałtowska
Uniwersytet Szczeciński, Wydział Nauk Ekonomicznych i Zarządzania
Keywords: collectible investments wine art Liv-ex wine market indexes
Data publikacji całości:2018
Page range:11 (37-47)
Klasyfikacja JEL: G10 G11 G23
Cited-by (Crossref) ?:

Abstract

Purpose – The main aim of this paper is to present the possibilities of investing in collectibles market more closely. Design/methodology/approach – The investments in collectibles market are one of the forms of the alternative investments. Collectibles are seen as a store of value due to their permanence, portability and rarity value. Collectibles can be used to diversify portfolios and protect against inflation. The analysis of investments on the “investment wine” market is presented in a special way. The author discuss the main features of this market and present indexes describing the market situation and creating a benchmark for this new group of alternative instruments. An analysis of wine investments profitability against the background of selected classical and alternative instruments was also made. Findings – The author point out that investor profits are not always the most important, but non-economic reasons such as the development of passion, sensory experience, prestige and recognition of the environment are equally rewarding (collectibles are often referred to as emotional assets). The investments in collectibles market are as an interesting alternative to classical instruments, but still only for wealth people. Originality/value – The article constitutes a contribution to research and debate on the situation in the global capital market and on the possibilities of investing in collectibles market.
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