Top 10 pitfalls of collecting fine wine

Any investment comes with a certain amount of risk, but when it comes to fine wine the pitfalls can be even more obscured, making it a more-difficult-than most market to navigate.

Storage is an extremely important factor when curating a collection of fine wines. Whether you decide to build a proper wine cellar or use commercially available conditioned storage, this is generally a costly proposition. Being able to document the storage conditions of your wines can help confirm their provenance and contribute to the value of your collection. (PRNewsFoto/Revel Custom Wine Cellars)An investor and collector of fine wines for the past 30 years, Jim Cash founded the US-based Revel Custom Wine Cellars in 2009.

Using his experience as a commercial construction and real estate development executive for large buildings, Cash creates bespoke wine cellars for collectors.

He recently began work on his first book exploring the dynamics involved with art of collecting fine wine from a variety of perspectives.

Here, he shares his tips on the art of wine collecting. Whether your motivation is to diversify your investments, delight your friends or simply to have a mature beauty to decant whenever the mood strikes, consider the following words of advice before diving into the world of fine wine, warns Cash.

Click through for his tips…

2 Responses to “Top 10 pitfalls of collecting fine wine”

  1. Perry Van Hook says:

    Strangely the writer omits one serious consideration – How are you going to sell the wine? In many states it is not legal and if you have to go through an auction house you will pay a premium to sell the wines.

  2. Tom says:

    Good article, I would add that the key element of deciding what to purchase and where from can be facilitated by choosing a broker who buys direct from source for you. This solves the research, analysis and the provenance in one solution and often can obtain a favourable price for you.
    The broker can then support you in selling the wines back to market when ready for optimum prices internationally for a minor fee that will not eat up your profits.
    The storage can be obtained by setting up a private account with an approved bonded warehouse, not that expensive approx £12-£15 per case(9 Litres), per year.
    Montevino Partners have a dedicated Fine Wine professionals to achieve this for you and offer various other value added opurtunities visit them at http://www.montevino-partners.com

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Sales Manager

James Eadie Ltd
London, UK

Wine Ambassador Role

Ramón Bilbao UK
London, UK

Fine Wine Logistics Coordinator

IG Wines
London, UK

Sales Manager

Top Selection
London, UK

Assistant Retail Manager

The Whisky Exchange
London, UK

Marketing Manager

Ellis Wines
Hanworth, Middx, GB

Commercial Analyst

ATOM Group
Tunbridge Wells, UK

Customer Service Executive

Marussia Beverages
Marylebone, London, UK

HR Administrator

Amathus Drinks PLC
London, UK

Trade Marketing Manager

Australian Vintage Limited
Croydon, UK

The World Bulk Wine Exhibition

Amsterdam,Netherlands
20th Nov 2017

The Drinks Business Green Awards 2017

London,United Kingdom
20th Nov 2017

The Global Spirits Masters Lunch

London,United Kingdom
1st Dec 2017
Click to view more

Champagne Masters 2017

The only Champagne blind tasting in the UK, the competition will reward the best wines in the following categories:

The Global Rosé Masters 2017

With wines from the palest of pink to almost ruby red, bone dry to almost cloyingly sweet, reductively handled to barrel-aged, as well as gently spritzy to fully sparkling.

Click to view more