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Erscheinungsjahr: 
2013
Schriftenreihe/Nr.: 
SFB 649 Discussion Paper No. 2013-018
Verlag: 
Humboldt University of Berlin, Collaborative Research Center 649 - Economic Risk, Berlin
Zusammenfassung: 
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.
Schlagwörter: 
IFRS13
hedonic regression
repeated sales
wine investment
JEL: 
C14
C43
M40
G12
Dokumentart: 
Working Paper

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