Series 1: EP 1: Wine 101
Wine 101 is the first podcast/video in our new blog series, "The Intelligent Collector" that will give practical advice from top-level experts sharing their advice, lessons, and collecting strategies on the hottest collecting categories.
Wine 101 - Is Investing in Wine a Good Idea?
In truth, most wine collectors become investors by pure accident. When their cellars become too crowded, they sell a few bottles and, in the process, often reap surprising gains.
One reason is that perhaps more than any other asset, the supply of fine wine is finite – when each bottle of any particular fine wine is consumed, its supply goes down. A perfect example of this is what is known as the “Lafite Phenomenon.” Because of its association with success, Chateau Lafite has recently become the number one status symbol in China, causing some vintages to go up nearly tenfold in value over the last decade. In China, the demand for blue chip investment grade wines has soared to the point where Unites States based auction houses achieve most of their turn over in Hong Kong.
If you are a collector of fine wine, perhaps you've spent years, even decades, putting your fine wine collection together, and maybe the time has come to have it appraised or sold. Or perhaps you've inherited some rare wines as part of an estate.
Whatever your situation, whatever your reason, www.auctionyourwine.com provides a broad range of fine wine appraisal, advisory and auction services, that helps clients manage their wine cellars and portfolios.
If you want to know more about fine wine, pour yourself a glass, relax and listen to Caroline Ashleigh's podcast interview with Martin Willis of Antique Auction Forum for an in depth look at appraising, evaluating and auctioning fine wines. Bring cheese and crackers!