A Loan To Purchase Fine Wine

Recognition of fine wine as an alternative asset class took a step forward in October with an asset management company offering “the world’s first pure wine investment loans”.

The company has traditionally provided loans to purchase other alternative asset classes such as art, antiques and gold.

Loan Against claims to offer loans of up to 70 per cent of the value of blue-chip wines, with no other collateral required. According the company, this is ‘the world’s first non-recourse, non-status wine investment loan, enabling private investors to buy premier crus…and other wines of distinction…’

The company will provide tax-deductible loans for purchase of wines including Bordeaux blue chip, small caps and top burgundy such as Château Lafite Rothschild, Château Leoville-Barton, Château Petrus and Domaine de la Romanée-Conti.

Source: Decanter.com

(Please note this is not a referral for the above company)