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Fair re-valuation of wine as an investment

By Fabian Y.R.P. Bocart and Christian M. Hafner

Abstract

The prices of wine is a key topic for market participants interested in valuing their stock, including dealers, restaurants or consumers who may be interested in optimizing their purchases. As a closely related issue, re-valuation is the need to regularly update the value of a stock. This need is especially met by fund managers in the growing industry of wine as an investment. In this case, fair-value measurement is compulsory by law. We briefly review methods available to funds and introduce a new quantitative method aimed at meeting IFRS 13 compliance for fair valuation. Using auction data, we apply our method to compute current fair value of a basket of wines

Topics: hedonic regression, IFRS13, repeated sales, wine investment, 310 Statistik, 330 Wirtschaft, ddc:310, ddc:330
Publisher: Humboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
Year: 2013
OAI identifier: oai:edoc.hu-berlin.de:18452/5110
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