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Applied Economics Volume 47, 2015 - Issue 29
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Original Articles

Dynamics of fine wine and asset prices: evidence from short- and long-run co-movements

B. FayeFinance department, INSEEC Business School, Bordeaux Wine Economists, LAREFI University of Bordeaux, Bordeaux, FranceCorrespondence[email protected]
,
E. Le FurFinance department, INSEEC Business School, Bordeaux Wine Economists, LAREFI University of Bordeaux, Bordeaux, France
&
S. PratFinance department, INSEEC Business School, Bordeaux Wine Economists, LAREFI University of Bordeaux, Bordeaux, France
Pages 3059-3077 | Published online: 16 Feb 2015

Citations (29)

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Read on this site (2)

Charles-Olivier Amédée-Manesme, Benoit Faye & Eric Le Fur. (2020) Heterogeneity and fine wine prices: application of the quantile regression approach. Applied Economics 52:26, pages 2821-2840.
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Adrian Fernandez-Perez, Bart Frijns, Alireza Tourani-Rad & Jean-Philippe Weisskopf. (2019) Behavioural heterogeneity in wine investments. Applied Economics 51:30, pages 3236-3255.
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Articles from other publishers (27)

Vincent Fromentin, Bruno Pecchioli & David Moroz. (2024) Time-varying causality among whisky, wine, and equity markets. Finance Research Letters 63, pages 105345.
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Benoît Faye, Eric Le Fur & Stéphanie Prat. (2022) Exogeneous shocks, risk, and market convergence of real alternative and financial assets: evidence from nonlinear dynamics. Annals of Operations Research 334:1-3, pages 497-520.
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Eric Le Fur, Anne‐Sophie Thelisson & Olivier Guyottot. (2023) Wine prices in economics: A bibliometric analysis. Strategic Change 33:1, pages 41-63.
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Hachmi Ben Ameur, Zied Ftiti & Eric Le Fur. (2022) What can we learn from the analysis of the fine wines market efficiency?. International Journal of Finance & Economics 29:1, pages 703-718.
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Hachmi Ben Ameur, Eric Le Fur & Julien Pillot. (2022) The Influence of Economic Policy Uncertainty and Business Cycles on Fine Wine Prices. Computational Economics 62:2, pages 589-608.
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Eric Le Fur. (2022) Risk and return of classic car market prices: passion or financial investment?. Journal of Asset Management 24:1, pages 59-68.
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Shaofu Du, Yuan Chen, Jing Peng & Tengfei Nie. (2022) Incorporating risk fairness concerns into wine futures under quality uncertainty. Omega 113, pages 102717.
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Aristeidis Samitas, Spyros Papathanasiou, Drosos Koutsokostas & Elias Kampouris. (2022) Volatility spillovers between fine wine and major global markets during COVID-19: A portfolio hedging strategy for investors. International Review of Economics & Finance 78, pages 629-642.
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Philippe Masset & Jean‐Philippe Weisskopf. (2021) At what price should Bordeaux wines be released?. Economic Inquiry 60:1, pages 392-412.
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Alex Plastun, Ahniia Havrylina, Liudmyla Sliusareva, Nataliya Strochenko & Olga Zhmaylova. (2021) Daily abnormal returns and price effects in the “passion investments” market. Investment Management and Financial Innovations 18:4, pages 141-149.
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Philippe Masset, Jean-Philippe Weisskopf, Jean-Marie Cardebat, Benoît Faye & Eric Le Fur. (2021) Analyzing the risks of an illiquid and global asset: The case of fine wine. The Quarterly Review of Economics and Finance 82, pages 1-25.
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Conor Lennon & Tom Shohfi. (2021) Unbridled spirit: Illicit markets for bourbon whiskey. Journal of Economic Behavior & Organization 191, pages 1025-1045.
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Veronica Sanda Chedea, Ana-Maria Drăgulinescu , Liliana Lucia Tomoiagă , Cristina Bălăceanu & Maria Lucia Iliescu . (2021) Climate Change and Internet of Things Technologies—Sustainable Premises of Extending the Culture of the Amurg Cultivar in Transylvania—A Use Case for Târnave Vineyard. Sustainability 13:15, pages 8170.
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Nithya Shankar & Bill Francis. (2020) Economic policy uncertainty and fine wine prices. International Journal of Wine Business Research 32:3, pages 457-476.
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Hachmi Ben Ameur & Eric Le Fur. (2020) Volatility transmission to the fine wine market. Economic Modelling 85, pages 307-316.
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Marcin Czupryna, Michał Jakubczyk & Paweł Oleksy. (2019) On Pricing Unconventional Prepaid Forward Contracts: Evidence from en primeur Fine Wine . Journal of Wine Economics 14:4, pages 400-408.
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Eric Le Fur & Jean-François Outreville. (2019) Fine wine returns: a review of the literature. Journal of Asset Management 20:3, pages 196-214.
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Benoît Faye & Eric Le Fur. (2019) On the Constancy of Hedonic Wine Price Coefficients over Time. Journal of Wine Economics 14:2, pages 182-207.
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Marcin Czupryna & Paweł Oleksy. (2018) The Effect of an Electronic Exchange on Prices and Return Volatility in the Fine Wine Market. e-Finanse 14:4, pages 22-35.
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Elie Bouri, Rangan Gupta, Wing-Keung Wong & Zhenzhen Zhu. (2018) Is wine a good choice for investment?. Pacific-Basin Finance Journal 51, pages 171-183.
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Jean-Marie Cardebat & Linda Jiao. (2018) The long-term financial drivers of fine wine prices: The role of emerging markets. The Quarterly Review of Economics and Finance 67, pages 347-361.
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Elie Bouri, Tsangyao Chang & Rangan Gupta. (2017) Testing the efficiency of the wine market using unit root tests with sharp and smooth breaks. Wine Economics and Policy 6:2, pages 80-87.
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Linda Jiao. (2017) Macroeconomic determinants of wine prices. International Journal of Wine Business Research 29:3, pages 234-250.
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Eric Le Fur, Hachmi Ben Ameur & Benoit Faye. (2016) Time-Varying Risk Premiums in the Framework of Wine Investment. Journal of Wine Economics 11:3, pages 355-378.
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Benoît Lecat, Eric Le Fur & J. François Outreville. (2016) Perceived risk and the willingness to buy and pay for “corked” bottles of wine. International Journal of Wine Business Research 28:4, pages 286-307.
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Philippe Masset & Jean-Philippe Weisskopf. (2020) At What Price Should Bordeaux Wines Be Released?. SSRN Electronic Journal.
Crossref
Elie Bouri, Rangan Gupta, Wing-Keung Wong & Zhenzhen Zhu. (2018) Is Wine a Good Choice for Investment?. SSRN Electronic Journal.
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