Why Make a Fine Wine Investment
A fine wine investment can be extremely lucrative, and, in contrast to other types of investments, it’s fairly secure. The value of fine wine rarely depreciates, quite on the contrary, in recent years it has gone steadily up, because new clients from Asia and South America have become interested in premium wines made in France, Spain, Portugal, and Italy.
Wine investments are safe if you purchase bottles that are prized by collectors and drinkers worldwide. If the variety of wine you invest in comes from a renowned grower, then you can rest assured that with time its value will steadily increase. With more common types of wine, the risks are higher, but even with them you can make a profit.
There are all sorts of people who invest in wine nowadays, not only wealthy individuals. The Internet has made a fine wine investment a far more accessible and straightforward process, because all the essential information about makers and auctions is readily available. The growing demand for high quality wine, driven by the emergence of a large wealthy class in rapidly developing East Asian and South American countries is currently favourable to wine investments.
The ideal wine investor is a connoisseur, or at least someone with a passion for wine. To be successful you need to know what varieties are most in demand and where to get them at the best price; knowing a few people in the industry can also help you tremendously. Patience is required too. A fine wine investment doesn’t bring a profit right away, it will take some years. But the security and accessibility of such an investment makes the waiting well worth it.
Compared to other investment options, investing in wine is a bit more personal because you generally deal on a smaller scale. In addition, it’s a rather lofty area to invest in, and so it’s not really opened to everyone.
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
- How much do you have to invest?
- How long do you want to invest for?
- When do you require a return on investment?
To help you through the multitude of choices, enter your details below and let the Compare The Financial Markets experts find the best wine investment for you.