It isn’t only real estate, stocks and shares that can generate wealth as a form of investment; there are many assets that are bought and sold with the aim of generating wealth and one such commodity is fine vintage wine. This amazing alcoholic beverage has been made since we first emerged and from the 16th century onwards, vineyards produced wine every year, with some years yielding better wine than others.
Knowledge is everything
Collecting fine wines is a specialist field that demands a high level of knowledge; if you are going to invest your capital, you need to be very confident that the value of the commodity will increase as time passes. Rarity is, of course, a major factor, the rarer the year, the higher the value. It helps if you are a wine lover; indeed, many wine connoisseurs started out as avid wine drinkers and as their knowledge grew, they decided to combine their investment portfolio with fine wines from the world over and the rest is history.
Correct storage
If you are serious about acquiring wine as a form of investment, you will need a suitable cellar, where critical climate control is essential. Such valuable bottles need to be stored correctly, preferably in a cellar or dedicated room. The Internet hosts a wealth of information for those who wish to create a wine cellar, with YouTube videos that detail every stage of the build. There are state of the art wine storage cabinets to store your Penfolds collection, among the many other excellent wines you will no doubt have in your liquid portfolio.
Identify your investment goals
You might be a wine lover who wishes to open a bottle or two on special occasions, or you might be looking at a 10–20-year investment, selecting specific years that you feel will do well. You might hear something on the grapevine (pun intended) and decide to invest in a few batches of white wine, or it might be a hobby you enjoy. It is important to identify your investment goals, then you can put together an investment plan. Serious collectors are only interested in vintage wines, when prices are in the six-figure range (per bottle) and if you visit the wine auctions in London or Paris, you’ll see the value of high-end wines.
Online suppliers
Gone are the days when you need to visit a retail store to acquire fine wines; the online supplier has you covered with a huge catalogue of wines from all over the world. By all means visit the wine tasting events, but when you know what you want, the online supplier has the label and prices are reasonable. Courier delivery ensures the product is in tip-top condition and you can order 24/7.
If you love fine wines, there’s nothing to stop you adding a few rare bottles to your investment portfolio and who knows, in a few years, you could amass a valuable collection
