Ten tips for investing in Fine Wine
- Deal only with established and reputable merchants, but shop around for advice & prices.
- Buy your wines 'In Bond' so that Duty and VAT are not payable up front. This will maximise your investment.
- Buy unmixed sealed cases, in original wood if possible, as these will be worth the most.
- Expect to invest over a 5-year period, but be ready to sell if advised.
- Buy as close to the opening price as possible.
- Occasionally it is advantageous to buy wines in 'parcels' of 5 cases or more.
- Invest at least £5000 if you are looking for serious returns.
- Don't blindly buy just the big names - they may have less profit potential.
- Listen to your wine merchant.
- Make sure you know the provenance and storage history of any wine you buy as this will seriously affect the market price.
- Take out insurance so that your wine is fully covered at market price rather than the price you paid for it. BB&R make sure that this is the case, and is included within your storage charge.
To receive advice about investing in wine, please contact our Fine Wine
Department.
Tel: 44 (0) 1256 340123
Fax: 44 (0) 1256 340149
E-mail: Fine
Wine Department
