Financial History 147 Fall 2023 | Page 8

THE TICKER
MUSEUM NEWS

Museum Hosts “ Liquid Assets ” Wine Tasting Benefit to Support MoAF Programs

By Mindy Ross , Director of External Relations
On October 26 , the Museum held a wine tasting benefit at ING headquarters in New York City to explore the wine market from an investment perspective . The event , “ Liquid Assets : Wine as an Investment ,” was generously funded by MoAF Trustees Mitti Liebersohn , chairman , New York Brokerage , Savills ; and Marcy Cohen , ING managing director and chief legal officer . In addition to these trustees , the evening featured remarks by ING Capital Markets CEO Katharyn Meyer , MoAF President David Cowen and renowned financial historian and former MoAF Chairman Richard Sylla .
Guests participated in a discussion on wine as an investment with Dean Bernstein , a wine consultant at Zachys . He described the characteristics of investmentgrade wine , explained how to invest in the wine market and compared the performance of investment-grade wines with the stock market over the past 30 years . He then led the guests through descriptions of the three investment-grade wines featured in the tasting .
The wine tasting was followed by a reception . There was also a silent auction for two investment-grade wines received directly from the participating wineries for this purpose . Due to the generous bidding on the silent auction bottles , the Museum was able to auction a second bottle of each wine .
The Museum appreciates the participation in this event from Accenture , Broadridge , Fusion Partners , Goldman Sachs , HighTower Advisors , ING , Oliver Wyman , Protiviti and Savills , as well as individual support from Sabrina Bailey , Peter Cohen , Martin Fridson , John Herzog , Glenn Kaufman , Bob Pisani and Richard Sylla .
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6 FINANCIAL HISTORY | Fall 2023 | www . MoAF . org