Investing in Wine
Written By: Brian Freedman on Wed, Sep 2nd 2009
Playing any kind of market is a risky proposition, and the one for fine wine is really no different. The only thing that does set it apart is the fact that, at any given point, you can physically lose, destroy, or drink your investment into oblivion.
Barring any of these situations, however, wine is absolutely a legitimate investment, and the returns on it, depending on what you focus on, can be huge.
Most people concentrate on the blue-chip bottles, the most famous producers from Bordeaux, Burgundy, Champagne, Piedmont, and Napa. The only problem with these is that they have become incredibily expensive in recent years, so finding a way into that particular market can be prohibitively costly.
Fortunately, you have two very good options: Either invest in up-and-coming regions and producers with the hopes that their value will go up just as the blue-chips have, or follow the advice of Kasey Carpenter, our wine-investment guru. Read more about Kasey