Buying Wine Investments
Wine for investment tends to be sold in sets of 3, 6, 9,12 or 13, the latter being for collectors who wish to try a bottle. Some wine exchanges require a full case, but selections of three wines can allow you to start collecting verticals of single wines
The UK government warns against up-front commission when buying investments. If a company is charging commission up-front rather than at the point of selling it is advisable to proceed with caution. Remember, wine is a long-term investment, so an up-front commission is not in the investor’s interests.
A decent wine portfolio will cost approximately £5000 to get started. You will also need to store the wine. Bonded storage warehouses are the most popular option as they avoid having to pay duty or VAT on your stored wine. However it’s important to take into account the cost of storage when investing in wine as it may affect how worthwhile it is.
Investment wine requires a lot of thought and research to avoid scams and schemes. It is often advertised as “recession proof” which is certainly not true. Never invest more than you can afford to lose as no investment is fool-proof, least of all wine investment, and it should never be a majority part of your portfolio.