With a global network of connections to wineries, exchanges and merchants, Vinovest enables investors of all risk appetites and skill levels to invest, acquire, and securely store wine. Aided by the help of its dedicated portfolio advisors and proprietary artificial intelligence-based algorithm, Vinovest searches for personalized buying opportunities for each investor. With its new app, Vinovest users will have the ability to make deposits, manage their investments, view returns and access detailed information about each wine in their portfolio, from any mobile device.
“Jay-Z, Dwyane Wade, Madonna, and countless other entertainers and athletes have been investing in fine wine and champagne for years,” said Anthony Zhang, CEO and Co-Founder at Vinovest. “Our new mobile app brings the emerging asset class of fine wine even closer to all consumers. It’s a simple fact that wine investing is not an option for many given the average wine cellar is valued at $33,750. Inflation continues to surge making it even more important that today’s investors have access to a low risk, diversifying investment that has little correlation to traditional investments.”
Vinovest handles the storage, authentication, shipping and insurance considerations for a fraction of what they would typically cost. World-class sommeliers and portfolio advisors are on-call to guide investors through the various wine styles, estates, regions and vintages available to them. Vinovest users fully own each wine in their portfolio and are empowered to buy, sell, or. . . drink them, at their discretion.
A $686 billion global market, the world of fine wine has been steadily growing. Research from investment consultancy Knight Frank shows fine wine has appreciated 127% over the last decade, outperforming luxury handbags, colored diamonds, blue-chip art, and rare furniture, while fine wine investors have experienced 13.6% annualized returns over the past 15 years.
Vinovest is a digital platform democratizing access to the world of fine wine investing. Vinovest’s easy-to-use offering combines unparalleled wine expertise with sophisticated investment models to curate wine portfolios based on investors’ risk tolerance and investment time horizons. Investors using Vinovest build their wine portfolios with the help of the company’s dedicated portfolio advisors and its proprietary artificial intelligence-based algorithm that searches for personalized buying opportunities for each investor.
Vinovest’s platform includes a dedicated solution for institutional investors and wealth managers that provides access to the fine wine market. Tapping into an extensive network of top wineries and trusted fine wine merchants, Vinovest simplifies fine wine investing by sourcing, authenticating, storing and insuring each bottle of wine—which investors are free to enjoy or sell whenever they please.
According to wineindustryadvisor.com. Source of photo: internet