Wine as an investment as sky rocketed in recent years, leading many to consider the world’s favourite drink as the perfect way to make substantial amounts of money.
Like any investment, it has its benefits and of course its pitfalls but there are some wine investment tips that can help to separate you from the pack, even as a novice.
You may well have come across the fine wine news section here at the Octavian Vaults before if you have been looking to learn about this fascinating industry, today we look to give you some top tips to help you become a successful wine investor.
We have accumulated some serious knowledge over the years as the UK finest wine cellarage provider and hope that these tips will help you to make your way in the exciting world of wine investment.
When looking for wine investment tips, we strongly recommend you keep a close eye on Robert Parker Jr and all he has to say. This guy is the absolute authority in the world of fine wine and investment and he has an uncanny knack of calling out the next big wines before the rest of his peers.
You can read a great deal about the latest views from Robert Parker Jr at his dedicated site, The Wine Advocate, which has a wine journal, resources and the Hedonist’s Gazette. If you are serious about learning more about the world of fine wine investment, this should really be considered your bible.
If you want to become a top wine investor, then you really need to put your money where your mouth is even when you are just starting out. As with most forms of investment, the more capital you put into your portfolio, the more you are likely to make in profit; provided you have the eye and taste for the world’s best wines.
A good rule of thumb is to be looking to invest in two good wines a week, in order to keep your collection growing and therefore your opportunities for making money.
Good cases will range between £3,000 and £6,000 each and it is always a good idea to get the odd thrifty one in there, as these can result in serious profitability.
These will cost you more like £500-£1,000 a case but be rising stars, this is where your talents as a wine investor will really shine through.
If you have years of experience as a wine investor, you will have become very familiar with the fluctuations that occur in the fine wine market. It is tumultuous and a wine that could have delivered you serious profit, could perform very badly the next week or even day, so it is paramount that you keep tabs on these changes.
There are some excellent websites available for keeping track of this, such as Liv-ex and WineSearcher and these are updated in real time. These will not show you the next big wine, but can ensure you don’t invest lots of money into a case or two of wine that is going to give you little back in return.
If you are going to make a living out of wine as an investment, checking prices meticulously is vital.
Once you have done your homework as a fine wine investor, organised your finances and tracked the market like a hawk, our final tip for becoming a successful wine investor is to store your merchandise in the appropriate way.
We have seen it too many times here at Octavian Vaults, investors acquiring some truly great wine only to see its value diminish due to poor storage.
The best way to prove the unquestionable provenance of your wine is store them in wooden cases “in bond”, as this proves that the appropriate duty has been paid. Warehouses such as our Corsham Cellars, not only cater for this but the optimal conditions one will find here, mean that the wine is likely to increase in value as it matures in the best way possible.
Temperature, light, humidity and other microclimatic factors are all guaranteed, you can then proceed with your future wine investments with the great peace of mind that your portfolio is in safe hands.
These tips should set you nicely on your way to becoming a successful wine investor in no time and you can read more articles just like this by taking a look through the rest of the Octavian Vaults advice centre. If you have any further questions about any aspect of fine wine storage or cellarage, then contact us through our site today or give our team a call on 01225 818 714.