Wine Library TV’s Gary Vaynerchuk had Adrian Lenegan of Provenance Fine Wines from England on his show as a guest. They talk about wine as an investment.
I’ll be honest. Investing in wine isn’t something that I’ve thought as much about but this show definitely makes me think twice about i.
Watch and let me know what you think.
#1 by John F Croston III on September 20th, 2009
I have purchased a bunch of wine that has doubled and a few that have at one point were about five times what I paid for them. I purchased some at $50 -$60 and they got up to $250 – $350 per bottle. I have wines that I have purchased on the handful of bottle level not the case level as they talk about, I have thought of selling later when they are drinkable to help re-stock the cellar from that money gained.
I have a case or so of of a few big vintages of certain types of wine that I could sell in a few years. I have even used some to trade with friends for higher priced wines. One time I traded with two different friends three cases of wine of mine and got 15 to 18 bottles from them. The wines I got were things I could not have gotten my hands on, which were a bunch of second label wines for the top Bordeaux producers from the excellent 2000 vintage.
Even if your not buying wine to sell or trade it's nice to buy some that will be even better in a few years or even 10 or 15 years. You just have to buy drink now stuff and wines to sit and wait. Plus you need to purchase a few of each if that's possible so you can try a bottle in a couple years to see where it is at taste wise to get a better idea when to start drinking the rest.
#2 by John F Croston III on September 20th, 2009
I have purchased a bunch of wine that has doubled and a few that have at one point were about five times what I paid for them. I purchased some at $50 -$60 and they got up to $250 – $350 per bottle. I have wines that I have purchased on the handful of bottle level not the case level as they talk about, I have thought of selling later when they are drinkable to help re-stock the cellar from that money gained.
I have a case or so of of a few big vintages of certain types of wine that I could sell in a few years. I have even used some to trade with friends for higher priced wines. One time I traded with two different friends three cases of wine of mine and got 15 to 18 bottles from them. The wines I got were things I could not have gotten my hands on, which were a bunch of second label wines for the top Bordeaux producers from the excellent 2000 vintage.
Even if your not buying wine to sell or trade it's nice to buy some that will be even better in a few years or even 10 or 15 years. You just have to buy drink now stuff and wines to sit and wait. Plus you need to purchase a few of each if that's possible so you can try a bottle in a couple years to see where it is at taste wise to get a better idea when to start drinking the rest.