The return to Australian fine wine |
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| Authors: | Fogarty James Joseph |
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| Institution: | University of Western Australia, School of Economics and Commerce, Crawley, W.A. 6009, Australia |
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| Abstract: | This paper uses auction data and the adjacent period hedonicprice regression approach to estimate the return to storingpremium Australian wine during the period 1989Q4 to 2000Q4.The results indicate that the return to storing premium Australianwine is probably superior to the return to Bordeaux wine. Therisk-return profile of premium Australian wine is shown to bebroadly comparable to that of Australian equities. |
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| Keywords: | wine hedonic pricing alternative assets |
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