Cheers! Wine May Boost Your Bank Balance
'Going into to the red' may actually be a good financial investment, according to wine experts gathering in London.
Investing In Fine Wine
An impressive wine collection can be started with a relatively modest amount
Stocks and shares may have taken a battering in the last year, but the market for vintage wine is bubbling away.
Delegates from all over the world are attending the London International Wine Fair this week, and the effects of the economic downturn will be as hotly debated as in any other industry.
But an impressive wine collection can be started with a relatively modest amount, according to Richard Brierley, Head Of Fine Wines at the London-based specialist Vanquish Wine.
He told Sky News: "You are looking at an initial investment of around ?2,000 for a case, so for a small portfolio of wine investment, you are looking at about ?10,000.
"We are talking essentially about wines from Bordeaux and from Burgundy.
"They last sometimes up to 50 or 60 years, but the first leap in their value normally comes about five years in, and when we are advising people to invest in wine, we tell them that five years is the minimum they should look at to start with."
But European, or Old World, wines are not the only ones worth laying down for the future.
Peter Gago, chief winemaker at the famous Australian producer Penfolds, is in London for the Fair too.
He said: "In Australia there are real blue-chip wine investments too, such as Penfolds Grange, which really do have cellar-ability potential of the highest order.
"In an era when superannuation funds haven't always delivered and where housing and real estate is going backwards a bit, there's something to be said about wine collection.
"And if the worst comes to the worst, you can always just drink it!"
'Going into to the red' may actually be a good financial investment, according to wine experts gathering in London.
Investing In Fine Wine
An impressive wine collection can be started with a relatively modest amount
Stocks and shares may have taken a battering in the last year, but the market for vintage wine is bubbling away.
Delegates from all over the world are attending the London International Wine Fair this week, and the effects of the economic downturn will be as hotly debated as in any other industry.
But an impressive wine collection can be started with a relatively modest amount, according to Richard Brierley, Head Of Fine Wines at the London-based specialist Vanquish Wine.
He told Sky News: "You are looking at an initial investment of around ?2,000 for a case, so for a small portfolio of wine investment, you are looking at about ?10,000.
"We are talking essentially about wines from Bordeaux and from Burgundy.
"They last sometimes up to 50 or 60 years, but the first leap in their value normally comes about five years in, and when we are advising people to invest in wine, we tell them that five years is the minimum they should look at to start with."
But European, or Old World, wines are not the only ones worth laying down for the future.
Peter Gago, chief winemaker at the famous Australian producer Penfolds, is in London for the Fair too.
He said: "In Australia there are real blue-chip wine investments too, such as Penfolds Grange, which really do have cellar-ability potential of the highest order.
"In an era when superannuation funds haven't always delivered and where housing and real estate is going backwards a bit, there's something to be said about wine collection.
"And if the worst comes to the worst, you can always just drink it!"
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