Fair re-valuation of wine as an investment

Fabian Y. R. P. Bocart and Christian Hafner

No 2013-018, SFB 649 Discussion Papers from Humboldt University Berlin, Collaborative Research Center 649: Economic Risk

Abstract: The prices of wine is a key topic for market participants interested in valuing their stock, including dealers, restaurants or consumers who may be interested in optimizing their purchases. As a closely related issue, re-valuation is the need to regularly update the value of a stock. This need is especially met by fund managers in the growing industry of wine as an investment. In this case, fair-value measurement is compulsory by law. We briefly review methods available to funds and introduce a new quantitative method aimed at meeting IFRS 13 compliance for fair valuation. Using auction data, we apply our method to compute current fair value of a basket of wines.

Keywords: IFRS13; hedonic regression; repeated sales; wine investment (search for similar items in EconPapers)
JEL-codes: C14 C43 G12 M40 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/79616/1/745233856.pdf (application/pdf)

Related works:
Journal Article: Fair Revaluation of Wine as an Investment* (2015)
Working Paper: Fair Revaluation of Wine as an Investment (2015)
Working Paper: Fair re-valuation of wine as an investment (2013)
Working Paper: Fair re-valuation of wine as an investment (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:sfb649:sfb649dp2013-018

Access Statistics for this paper

More papers in SFB 649 Discussion Papers from Humboldt University Berlin, Collaborative Research Center 649: Economic Risk Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().