One of the most intriguing papers at the recent financial history workshop in Antwerp was by Christophe Spaenjers. Christophe's research focuses on returns on alternative investments and emotional assets e.g., art, jewels, stamps, collectibles etc.. Click here for further information on emotional assets. In his new paper, Christophe looks at the returns on wine over the past century. He finds that wine performs on a par with stamps and art and just below equity. Click here to learn more about wine as an alternative investment.
