Fine wines, fine investments

Britain has always been a popular place to do business in the international wine trade. Chris Carter looks into the market, and explains how to invest in fine wines.

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One of these can be yours for £12,000 or so

There's not much we can be sure about as the Brexit negotiations get under way. But given the European Union's fondness for pomp and ceremony, you can bet some pretty fancy wines will be quaffed along the way. Funnily enough, in the weeks following the Brexit vote, the market in fine wine held in Britain received a fillip from foreign investors, who piled in on the back of the weaker pound, which is still down by 11% against the dollar and 12% against the euro. That bonanza was always destined to be short-lived, however. As the wine was snapped up, new stock had to be sourced from, predominantly, France, at higher costs to the British-based wine merchants.

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Chris Carter
Wealth Editor, MoneyWeek

Chris Carter spent three glorious years reading English literature on the beautiful Welsh coast at Aberystwyth University. Graduating in 2005, he left for the University of York to specialise in Renaissance literature for his MA, before returning to his native Twickenham, in southwest London. He joined a Richmond-based recruitment company, where he worked with several clients, including the Queen’s bank, Coutts, as well as the super luxury, Dorchester-owned Coworth Park country house hotel, near Ascot in Berkshire.

Then, in 2011, Chris joined MoneyWeek. Initially working as part of the website production team, Chris soon rose to the lofty heights of wealth editor, overseeing MoneyWeek’s Spending It lifestyle section. Chris travels the globe in pursuit of his work, soaking up the local culture and sampling the very finest in cuisine, hotels and resorts for the magazine’s discerning readership. He also enjoys writing his fortnightly page on collectables, delving into the fascinating world of auctions and art, classic cars, coins, watches, wine and whisky investing.

You can follow Chris on Instagram.