Fine wine news

Wine investment in China has long-been talked about, but interest throughout Asia is also picking up, with consumers in Malaysia looking towards the alternative investment.

According to David Spencer, chief executive of Vineyards Direct Malaysia, the recent economic downturn has led to fine wine investment becoming more popular.

He told the Malaysia Star: "People are fed up with the roller-coaster ride that traditional investments have given them."

"Our clients range from housewives to captains of industry with the likes of CEOs and entrepreneurs," he explained.

Mr Spencer observed that how much a wine is held for depends entirely on the client and the level of returns they are looking for. He also suggested that while China is a strong market at the moment, in five years' time it could be that demand will shift to Brazil, India or Russia.

However, Malaysian investors could be looking at different types of wine than other nations. According to the wine merchant, Australian wine is incredibly popular in the country.

Posted by John Yates