26 Oct Tips On How To Build Your Wine Collection
Wine means different things to different people. For some, it’s just an accompaniment for a good meal. There are others that will savour a good wine and appreciate its nuances. And of course, there are the wine connoisseurs and collectors that get custom designed wine cellars built to store their impressive vintage collections. But there are also people that invest in wines.
If you are just starting out on this journey you may wonder about how you can become a savvy wine investor. If you are seriously considering an investment in wine, you need to have a collection that will appreciate very well in value over time.
This will give you the opportunity to probably sell it at an auction sometime in the future. Many wine investors also like the idea of having their favourite vintage easily accessible when they feel like relaxing with a glass of premium wine in their hand. Here are some pointers that will help you build your wine collection:
The Best Place To Start
When starting a wine collection, consider buying products that have an excellent track record of maintaining value in the long term. Most Bordeaux vintages are a good place to start. They can be the first building blocks of your wine collection.
Understanding What A Great Vintage Is
This is quite an important question you need to be asking yourself before you purchase wine. Simply Google ‘wine vintage chart’ and you will get access to information related to vintages. Source information that comes from respected wine critics; this is because when it comes to fine wines, critics’ opinions tend to dictate the pricing to a great extent.
Other Wines To Invest In
Aside from Bordeaux, there are a number of other blue chips that are worth investing in such as:
- High scoring California Cabernet
- Vintage Ports from the top houses
- High-quality Italian wines from Brunello, Barbaresco, and Barolo
- Tuscany’s Super Tuscan wines
- Good vintage Premier Cru Red Burgundy & Grand Cru
- Dom Perignon, Salon, Krug, Louis Roederer Cristal, etc.
The Duration For Which The Wine Should Be Held
This is a very subjective aspect and depends on what your aim is with investing in wines. For example, if you are investing to make very good profit, you would have to hold the wines until the market segments for each of the region’s peaks in terms of their auction prices. Different regions will peak in popularity at different times based on media coverage and what the demand in the global market is.
The Best Way To Liquidate Your Wine Collection
If you are considering liquidating certain lots or even your entire wine collection, it’s crucial that you find a credible auction website. This will allow you to sell your wines directly to collectors. If your lot is particularly higher in value, you can consign some bottles to an auction house. However, keep in view that you would also have to pay a higher commission to them.
The sites where you can auction your wines straight to sellers are winebid.com and winecommune.com. Sotheby’s, Zachy’s, Wally’s, Merrall & Condit, and Christie’s are some of the well-established auction houses that have very credible consignment programs for private wine collectors.
One of the very first steps to take when you start on your wine collection is to get a custom-designed wine cellar built. Hire the services of experts that would be able to build a feature that meets the needs of your growing collection.
To find out about how Signature Cellars can help you design and build a wine storage solution that can help protect your investment and add value to your home, call us on 1300 570 636 or email firstname.lastname@example.org.
Thanks for reading,
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