9th March, 2015 by Neal Baker
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Spending a lot for a top quality wine is fine if you plan to drink it, but not as a form of investment, says the world’s leading wine critic Robert Parker.
Robert Parker at a Wine Advocate press conference in London in January (Photo: DB)
Accounting for professional storage costs, slow appreciation and insurance makes investment in wine a tough and often fruitless endeavour, according to Parker.
Speaking to news agency Reuters, he said “It has to be stored properly. It has to be insured. That’s a significant tie-up of assets.
“For 37 years, I’ve thought wine was a terrible investment.”
Parker, who has had an unprecedented impact on the world of wine through his 100-point scoring system that can make or break wineries, is….
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