Liquid assets or hobbies?
The truth is that most people consume wine within one or two days after purchase. Why should you store wine at all, if it can be bought everywhere and practically at any time?
Collecting can be regarded as an investment, and the process of selecting and searching for wines can become a source of additional pleasure and an interesting hobby. What are the differences and peculiarities of these different approaches to wine acquisition?
Collecting for investment is not a trivial task, as buying wine requires the same level of knowledge and discipline as investing in any other asset. It is very important to be properly guided by a specialist, since it is easy to make costly mistakes. For example, the purchase should take place only from reliable sources, because it is known that wine is very easy to forge. It is important to consider the necessary conditions for its storage, the availability of purchase documents, and buy better in the original boxes that have not been opened. Only the effect of the whole box will give 20% in addition to the sale price! And, of course, the wine itself, in which you need to invest – the so-called blue chips. The best return on investment is a classic, it includes the top five Bordeaux (five farms classified as Premier Grand Cru Classé).
To whom and how to sell wine? The traditions of holding wine auctions have not been yet developed everywhere. Therefore, the simplest way – through online auctions or the familiar amateur collectors. If you like some wine, buy three boxes, sell two and enjoy your wine.
Be prepared for the organizers of the auction to ask you questions and ask for documents that will determine the price of the sale at the auction:
How did you get this wine? (Right at the winery, in the store, at the auction, they inherited or another option.)
How was this wine stored? (In a professional vault for wine, in an underground cellar, in a room where the instruments controlled humidity and temperature, wine directly from the winery.)
An important aspect of the bottles (the state of the label, cork and wine level in the bottle).
All of the above may seem daunting, but a good relationship with a competent retailer, the seller of wine, and the desire to plunge into the details is a great start for the collector’s future.
From investments we pass to a hobby
What are the advantages of collecting wines, what features and opportunities does a similar hobby? As you know, someone collects stamps, others – butterflies, teapots or figurines. Each wine also has its own history of origin, year of harvest and value, but the fundamental difference from most hobbies is that the wine is meant to be enjoyed and shared with others. Agree, there are not so many worthwhile moments in life that will equal the opening of a bottle of aged and mature, say, Burgundy with a family or friends. The easiest way to provide a sufficient amount of wine, which you are happy to drink on any day, is to start creating your own collection.
Collecting is also an opportunity to celebrate remarkable events with special vintages of wines that coincide with the year of an important event for you. For example, the purchase of the wine of the child’s birth year or wedding anniversary will give special sensations to the moment when you decide to enjoy this wine on the occasion of the holiday. If you buy a box of the same wine, this will additionally allow you to observe the evolution of its taste as it matures. And, of course, like any fascinating hobby, interest in collecting wine will bring you new knowledge and acquaintances that will raise your passion for this delicious drink to the next level.