Here at Wine Posts, we collect wine for a simple reason: because we enjoy it and like to drink it. Investing in wine is a more dubious process. Yes, first growth Bordeaux and collectible Burgundy has a great history of appreciation, as a quick search on WinePrices will tell you. However, between questionable vintages, ratings misses, shady partners and moving markets, it’s easy to get burned when your sole goal for collecting wine is to use it as an investment.
Should you decide to collect wine for investing, be sure to partner with reputable merchants and service providers. The wine industry is full of shady retailers, fly by night auctioneers and storage facilities that will disappear your wine and then charge you for the service. It’s already bad enough that you may not make your money on your investment. If you work with a reputable partner, you’ll at least be able to drink and enjoy your wine.
This is Money has an interesting article on a prospective investor who claimed he was scammed by London based APW while using them to handle his collection. He claims that they sold his wine for him, but never sent him a check for the profit he should have made from the sale.
Whether or not his accusations have merit, the takeaway for the wine collector is clear: choose your wine partners carefully.
When it comes to wine asset management, Vinfolio has very reputable retail, storage and selling services. We have a long history of storing highly-valued wine collections in pristine condition and helping wine collectors realize the most value for their collections when they are ready to sell.
You can learn more about our wine storage services here.
You can learn more about our selling services here