Wine investment is a particularly attractive area in which to diversify your investment portfolio, as the law of supply and demand governs the wine market in a uniquely advantageous manner. Not only is wine produced with a finite supply for each vintage, but the available quantity shrinks with consumption and breakage. And demand for fine wine is growing, not just in the US, but globally. Wine enthusiasts and individuals with high disposable incomes around the globe are still discovering what Europe has known for centuries - that fine wine is worth its high price tag.
I have three young sons, so the Elf on the Shelf is a major focus for us at home in the month of December. And, it seems, the Elf couldn't help but wreak havoc at Aabalat as well. Here is an images I captured from his annual mischief around the office. Evidently, he was interested in taking this bottle of 1982 Lafite back to the North Pole.
There are many important factors to take into consideration in regards to proper long term wine storage, some of which are listed below. These factors also apply to short term wine storage, but to a lesser degree of course. While not everyone has the means to address each of them, striving to address as many as possible (especially in the case of long term storage) will greatly enhance the enjoyment of collecting and drinking your wine.
Light And Vibration
Investing in wine is by no means a new phenomenon, although most US consumers are unaware of modern wine investing opportunities. This brief history should provide context and confidence to potential US investors to look to wine investing as a viable, lucrative and mainstream investment option.
Spending a day in wine coutry visiting a handful of wineries is lovely, but if you really want to get a large variety of samples under your belt to help hone your palette then maybe you would like to try a wine tasting event.
Most are open to the public, for a fee, and feature usually hundreds of wineries, each pouring approximately 1 ounce tastes. The events typically have themes, so you can really get a sense for the unique nuances of each varietal or region.
Investing In Liquid Assets by David Sokolin and Alexandra Bruce
Wine Investment for Portfolio Diversification by M. Kumar
Ten Tips For Investing In Fine Wine by Karen Orlandi
History of Investing in Wine by Karen Orlandi
Wine Investment: Financial Times Special Report, June 20, 2009
Is Wine A Smart Investment? by Food & Wine Magazine, October 2008
There are several books and thousands of articles dedicated to the subject of wine investing, but if I were to boil down the "Cliff's Notes" version of the top ten things you should consider when investing in wine it would be the following:
Sometimes we need to get out of the office. We're an internet company, so the majority of our time is spent with florescent lights and computer screens. But not on this day. Today Pete and I were invited to a special tour of the north tower of the Golden Gate Bridge.
Wineries, especially in Europe, produce larger and smaller format bottles than the typical 750ml bottle size that most people are familiar with purchasing. The larger sizes are ideal for groups and special events. The smaller sizes offer conveniences for individual servings. If you have ever been curious about what sizes have ever been offered and the industry terms for those sizes, here is a succinct chart.