We deal with all manner of wine investors in our line of work and we know that it can be a profitable area to get involved in.
Like all investments and money issues, care needs to be taken when getting involved in the collection of wine. That’s why we’re right behind the decision of the Wine and Spirits Trade Association (WSTA) and their decision to issue guidance on buying fine wines.
The WSTA has issued a wine investment guide to help combat any problems encountered when dealing with wine finances, or “winances”. Among the advice is to choose a reputable merchant to deal with, compare prices and look after your investment properly.
WSTA chief executive Jeremy Beadles said: “Buying fine wine is a pleasure and can be a profitable one but, as with any type of investment, it makes sense to take some precautions before you part with your cash.”
Not only does that apply to the slick wine wheeler dealers who populate bars similar to the one Del boy famously fell over in, but it goes for everyone who may have a priceless little gem of a bottle lurking around their home somewhere.