fine wines investments

[DS23]

does anyone here invest in fine wines? that's invest not ingest.

[Bob Dalek]

No.

A mate of mine's Dad was a wine buff. He'd put away a fine Château Margaux when my mate was born, to be savoured on my mate's 18th. It had corked! Here endeth the lesson.

[Ravello]

No.

A mate of mine's Dad was a wine buff. He'd put away a fine Château Margaux when my mate was born, to be savoured on my mate's 18th. It had corked! Here endeth the lesson.

Technically, that's not an investment though.. If he bought it to keep and sell on at a later date then some other poor mug gets to find out it's corked.

[DimPrawn]

Bunch of cork suckers.

[Cyberman]

Wine investments are very dodgy. It is estimated that 10% of wines are 'corked'. If you invest, make sure that they are the screw cap or plastic corks:


http://www.thewinedoctor.com/author/corked.shtml

[Lockhouse]

Nope. I pay monthly for someone to buy wines on my behalf and cellar them - but for drinking rather than investment. When I get my portfolio statement through it does have what they would buy it back for though which makes for interesting reading!

[Platypus]

Wine investments are very dodgy. It is estimated that 10% of wines are 'corked'. If you invest ...

Irrelevant - wine investors just buy and sell fine wine. Who knows if the wine even exists? The investor never sees it, never drinks it, and doesn't give a toss whether it's corked.

If by "invest" you mean buy some old rubbish which is pitched as an investment and keep it for years, then you're the mug who buys the stuff that the real investors have already traded (see above). For "invest" read "buy at inflated prices"

[Cyberman]

Irrelevant - wine investors just buy and sell fine wine. Who knows if the wine even exists? The investor never sees it, never drinks it, and doesn't give a toss whether it's corked.

If by "invest" you mean buy some old rubbish which is pitched as an investment and keep it for years, then you're the mug who buys the stuff that the real investors have already traded (see above). For "invest" read "buy at inflated prices"

Eventually though somebody gets caught out..... ie: the person that opens the bottle. This is on a par with those American securities marked 'AAA' that were tulip....they passed the parcel until the fan came into the equation. Nobody wins in the long-run as it's just like pyramid selling.

[DiscoStu]

Nope. I pay monthly for someone to buy wines on my behalf and cellar them - but for drinking rather than investment. When I get my portfolio statement through it does have what they would buy it back for though which makes for interesting reading!

Who do you buy from? This sounds interesting

[Bob Dalek]

Remember: A good wine adheres to the adage "From grape to table as quick as we're able". Also, a bit of detergent, methanol and a few additives swilling around in the bottle is of no real consequence to the true connoisseur. When a wine is supposed to be red, then red it should be, with perhaps just a hint of crunch from the sugar.