Fair re-valuation of wine as an investment

Fabian Bocart () and Christian Hafner
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Fabian Bocart: Université catholique de Louvain, ISBA, Belgium

No 2013025, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

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: 2013-05-22
New Economics Papers: this item is included in nep-cul
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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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)
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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:2013025

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