Wine Owners to allow multicurrency valuation

Fine Wine portfolio management platform, Wine Owners, has allowed users to value their portfolios in different currencies to cater to a trend of “jurisdictional diversification”.

currency-exchangeWine Owners said this would allow collectors to get a “global view” of their portfolios while also managing sub-portfolios which might be valued in other denominations.

The currencies will be comparable in real time through exchange feeds.

This new addition to the platform should make it easier for members in Hong Kong, China, Japan, Europe an the US to access the secondary market, particularly as many will have wine stored in the UK.

In addition to seeing price fluctuations in real time, members will also be able to look at price history, compare wine markets and evaluate market levels in the currencies of their choice as well.

Nick Martin, founder of Wine Owners, said: “The fine wine market has lagged far behind other many other sectors that invested in online self-service and portfolio management tools and that provide professional standards of market access to consumers.

“Wine Owners has changed all that, enabling private collectors or investors to make properly informed decisions with a platform purpose-built for their needs. In the period since launch last June, members’ portfolios managed on the platform amount to £42,000,000 and collectors are adding £6,000,000 of new wine each month.

“Our trading volume has also been doubling quarter on quarter so the addition of multicurrency we envisage will accelerate this while enhancing our members’ experience and consolidating their direct access, at affordable rates, to the global secondary wine market”.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Fine Wine Sales Administrator

Davy's Wine Merchants
London, UK

Content Manager (Maverick Drinks)

ATOM Supplies
London, UK

Graphic Designer (NPD)

ATOM Supplies
Tunbridge Wells, UK

Press Officer

Speciality Drinks
London, UK

UK Private Clients Manager

Ditton Wine Traders
London, UK

London Business Development Manager

Maisons Marques et Domaines UK Ltd

Head of Buying - Spirits

Enotria&Coe
West London, UK

Liquid Production Supervisor

ATOM Supplies
Tonbridge, Kent, UK

Sales Account Manager – Cotswolds

Haynes Hanson & Clark
Gloucestershire, UK

Communications & PR Manager

Bruichladdich
Islay, UK

International Bulk Wine and Spirits Show

London,United Kingdom
26th Feb 2018

Spirited London

London,United Kingdom
15th Mar 2018

Prowein 2018

Dusseldorf,Germany
18th Mar 2018
Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

the drinks business is thrilled to announce the launch of The Global Sparkling Masters.

Click to view more