A fine wine investment can be just as profitable as any other investment out there, while remaining far more safer. Because the value of fine wine can only increase in time, wine investments are not as risky as gold or developed market equities investments. Moreover, there’s a finite supply of high quality wine for which more and more prospective buyers contend, which pushes prices up, further increasing potential gains. The bottom line? If you love fine wine invest in it.
But note that you must love wine, and preferably be a connoisseur, before you can try to make money out of it. Otherwise you must have a lot of money to invest and be willing to let someone else, such as a wine investment fund, to handle everything for you. The first option – being and independent investor - is far more enjoyable, and can be more profitable in the long run.
Connoisseurs or collectors who have a passion for wine invest in the right varieties and know when is the right time to sell their bottles. They also have usually a network of connections that are directly involved in the wine market, and so can clench deals that are otherwise inaccessible to the rest of investors. But more importantly, wine lovers invest in their favourite drink as a hobby and so derive a lot of satisfaction from this, which beats financial gains.
Investing in fine wines exclusively in order to make money may prove to be a bad idea. This is not because fine wines do not sell. Quite on the contrary, the demand is increasing. But it usually takes some years to reap the full benefits of an investment in wine and someone who’s not passionate about it may not have the patience to wait.
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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