Fair re-valuation of wine as an investment

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: SFB 649 Discussion Paper ; No. 2013-018

Classification and Topics

• Classification: Wirtschaft ; Semiparametric and Nonparametric Methods: General ; Index Numbers and Aggregation; Leading indicators ; Accounting and Auditing: General ; Asset Pricing; Trading Volume; Bond Interest Rates
• Subject: IFRS13 ; hedonic regression ; repeated sales ; wine investment

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bocart, Fabian Y. R. P. ; Hafner, Christian M.
• Event: Veröffentlichung
• (who): Humboldt University of Berlin, Collaborative Research Center 649 - Economic Risk
• (where): Berlin
• (when): 2013

Further information

• Handle: http://hdl.handle.net/10419/79616
• Last update: 10.03.2025, 11:43 AM CET