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Your email address will not be published.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

Sale & Operations Manager

Marussia Beverages
Marylebone, London, UK

PRESTIGE ACCOUNT MANAGER – EUROPE

Jackson Family Wines
London, UK

Sales Executive

MAISON SASSY
London, GB

Head of Supplier Management - Group

Matthew Clark
London and Bristol, UK

Brand Manager – Whisky

ATOM Brands
Tunbridge Wells, UK

Brand Manager - Gin

ATOM Brands
Tunbridge Wells, UK

International Business Development Assistant

iDealwine
Paris, France with frequent trips to London office

Events Assistant

Speciality Drinks
London, UK

Sales Administrator

Les Caves de Pyrène
Guildford, UK

Pink Rosé Festival

Cannes,France
7th Feb 2018

VinoVision Paris

Paris,France
12th Feb 2018

Vinisud

Montpellier,France
18th Feb 2018
Click to view more

Champagne Masters 2017

The only Champagne blind tasting in the UK, the competition will reward the best wines in the following categories:

The Global Rosé Masters 2017

With wines from the palest of pink to almost ruby red, bone dry to almost cloyingly sweet, reductively handled to barrel-aged, as well as gently spritzy to fully sparkling.

Click to view more