There are few perils and pitfalls you need to be aware of, but by taking some basic precautions you should stay safe:
1. Be sure the merchant/broker is reliable. A good merchant will be able to offer you advice and will not disappear with your wines. Also, check companies house and make sure you check the provenance of the wines - a record proving they have been stored correctly and are from reliable sources.
2. Wine is not a liquid asset. Transaction costs are about 10% and selling quickly can be difficult in a cautious market (hence the big drops in price of the top wines from the 2005 vintage in late 2008), so bear this in mind.
If you follow these pointers (and are happy with having your assets tied up for five to 10 years) then the long-term trend of the prices of the top 20 or so chateaux of Bordeaux is up.
No-one who bought 2000 First Growths at opening prices is regretting it...
No comments:
Post a Comment