+- WineBoard (https://www.wines.com/wineboard)
+-- Forum: GENERAL (https://www.wines.com/wineboard/forum-100.html)
+--- Forum: For the Novice (https://www.wines.com/wineboard/forum-2.html)
+--- Thread: Can you give me some advice? (/thread-18434.html)
- sills - 03-11-2002
Hi I'm new to wine and I was wondering what good wine there is to invest in. Some 2002 and wine I can buy now, store and sell in 6/7 years or so because one of my friends does it but I can't remember which types he told me were good.
yours sincerly,
marcus
- mrdutton - 03-11-2002
Welcome to the Wine Board!
I can't recall that anyone here collects wine as an investment. A lot of us collect wine to drink - laying it away only for the appropriate time for it to properly mature.
You'll get a lot of good advice on drinking wine, but not much on collecting it for resale.
- paolo_r - 03-17-2002
so mr dutton, novice here, what you suggest is to buy wine from the current year as an investment to enjoy 6-7 years later?
I could understand the logic behind this, buy cheap enjoy a what would be in 6-7 years an expensive, vintage wine, right?
- Kcwhippet - 03-17-2002
Investing in wine is riskier than trying to do day trading with no experience in the stock market. First off, you have to start with a lot of disposable cash. Second, you have to have a virtually encyclopedic knowledge of wines, wine regions and history. You have to know very early in the vintage which particular wines from what particular region in the world is going to to be good enough to purchase for investment purposes. Then you have to have a controlled environment to store all the wines until they've reached a sufficient point in their maturity to sell at the optimum price. Now, many investment grade wines will take 10, 20 or more years to reach that point, so you have all that inventory sitting around doing nothing for all that time. If you intend to do it seriously every year, you're putting at least $10K up to purchase the wine, so after about 20 years you have at least $200K invested before you start recouping any money. Oh, the storage will probably have cost you about $100K for all those 20 years. Well, the list goes on and on with reasons why we're not serious investors here. Of course, the short answer is to get on the mailing list for a winery like Screaming Eagle. This is such a sought after cult wine that people are willing to pay up to three times the release price the day after release. Sadly, those mailing lists are oversubcribed and they all have waiting lists which are also full, so you may have achance of making the list in ten years or so. At any rate, investing in wines is risky and it ties up too much money, so you won't find too many of us here that do it seriously.