Since inception, WINE Index (Liv-ex Fine Wine Index) has outperformed stocks as an investment.
See Chart 1.
This is quite interesting to look at in an age where just about every asset is getting a bid as the global pandemic stimulus response has flooded the world with waves of liquidity. But it would be disingenuous to leave it there, the accompanying chart shows the relative performance line of wine vs stocks. Here we can see that much of the outperformance happened during the commodities super-cycle of the 2000’s. Indeed, the peak in relative performance was roughly around the same time commodities peaked.
See Chart 2.
Since then, wine has actually been in a decade-long relative bear market vs stocks. So maybe actually wine has some catching up to do!!