Are Wine Investments Worth It
Wine investments can be highly profitable because while demand for fine wine is steadily increasing, pushing up the prices for top bottles, wine production is kept strictly under control. Right now fine wine production is at about the same level as it was one or two hundred years ago, if not lower, due to increasing quality control measures. This makes wine investing tough, but also very rewarding.
A fine wine investment is a luxury investment unlike any other. While with luxury watches or cars the supply is consistent and can even increase when need be, with wines things are different. The supply of past vintages is quickly dwindling, as more and more wealthy consumers from outside Europe, which is the main producer, buy fine wine in large quantities. What’s more, since the value of a wine grows with time – as long as you keep the bottle corked its price can only increase - top bottles are often kept under lock and key for years, often giving rise to a shortage of top bottles.
Wine investments are less risky than almost any other luxury investments. And there’s more to them than the financial rewards. Most investors tend to be oenophiles – wine lovers – who invest for pleasure as much as they do it for money. So, if you decide to get into wine investing chances are you’ll find yourself not only a new source of income, but also a fascinating new hobby.
If you contemplate making your first wine investments then you’d better leave the bottle selection to professionals. It’s safer and usually more rewarding. These professionals know what bottles are most in demand and what sort of people buy them, and can offer you the right advice when it comes to investing in wines.
As in all things, when purchasing fine wines for investment, advice should be sought from experts.
Choosing the best wine investment can be difficult, so careful consideration is crucial. Your questions on the best wine investments will be answered by our industry experts, free of charge.
Best Wine Investments for 2018
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