Wines & Financial Markets (French Edition): Standardization of Futures Sales by Diane Nublat

The book Wines & Financial Markets by Diane Nublat is an in-depth analysis of the phenomenon of futures sales and how the great Bordeaux wines have become a coveted speculative investment. Due to price volatility, these exceptional wines increasingly attract financial players who see in them an opportunity for asset valuation and asset diversification.

With the rise of institutional investors, the wine market has sparked the interest of Euronext, which attempted to introduce derivative products based on the most prestigious bottles. The book details this initiative, its economic stakes, as well as the obstacles to standardization of a market historically founded on scarcity and prestige.

Through a thorough study, the author highlights the necessary conditions for creating a wine futures contract, while exposing the risks and limitations of such a project. Far from questioning the futures pricing, she nonetheless establishes a rigorous framework on the viability of these financial tools applied to a market as specific as that of exceptional wine.

This book is aimed at both wine professionals, investors, and finance enthusiasts wishing to understand the interactions between the wine sector and financial markets.

Book Features:

• Title: Wines & Financial Markets – Standardization of Futures Sales
• Author: Diane Nublat
• Format: Paperback
• Publisher: Academic
• Language: French
• Publication Date: November 1, 2012
• Number of Pages: 104
• Dimensions: 22.9 x 15.2 x 0.6 cm
• Weight: 166 g
• EAN13: 9783838175294
• ISBN: 978-3-8381-7529-4