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very new
11-23-1999, 09:38 AM,
#2
Jerry D Mead Offline
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Posts: 798
Threads: 108
Joined: Jan 1999
 
Don't do it...or at least not til you know and really enjoy wine yourself. The glories of wine investing for profit are highly overrated, primarily because there are few ways to "legally" sell your wine when you're ready.

Virtually every state requires that you have a license (like a wine shop or liquor store) to be able to sell wine. Some allow estate sales (doesn't do you much good when you're dead)and others allow you to sell through licensed dealers (but of course they want to buy at wholesale).

So the only practical ways are through licensed auction houses (commissions involved) or through trading with other wine geeks (which isn't strictly legal either, but rarely prosecuted).

So assuming you are wise enough to select wines with a track record that are recognized collectables, and they do elevate in value, you can then drink wine that's worth more than when you bought it, or trade a little of it for a lot of something else, or try to find a private buyer who you know isn't an ABC agent working a sting on you.
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Messages In This Thread
[No subject] - by - 11-22-1999, 11:07 PM
[No subject] - by - 11-23-1999, 09:38 AM
[No subject] - by - 11-23-1999, 09:41 AM
[No subject] - by - 11-23-1999, 02:27 PM

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