Ind: Anthony Rose explains how to invest in wine

Is it time this group was moderated to prevenmt blasphemy? I am firmly of the view that wine was given to us to drink not to make rich men richer and prevent ordinary mortals ever getting near a really good bottle. I strongly suspect that if it was possible some people would buy anything not for its own sake but for its "investment value". Look what happens to a painting discovered to be by a famous artist. The picture is no more nor less beautiful than it has ever been and yet it suddenly becomes, in cash terms, more valuable. Similar "thinking" has already taken the price of some wines far beyond their true relative value - look at Cheval Blanc's price compared with Figeac, for example. both are great wines can an yone really say that the present price differential is justified on quality difference alone.

For God's sake - to say nothing of our own - let's keep this site free of discussion about investment in wine for monetary profit.

Now I'll sit back and wait to be flamed.

Timothy Hartley

Timothy Hartley wrote in news: snipped-for-privacy@tgh.eurobell.co.uk:

My Father was a stock broker. We talked about investing in wine. Some people had made a lot of money from it. He was against it because "wine isn't liquid". I pointed out that wine is a liquid.

Fred.

Salut/Hi Timothy Hartley,

le/on Mon, 10 Jan 2005 09:28:33 GMT, tu disais/you said:-

Grin!! There's lots of that around! Nope, it's much better to let people say what they want, and then killfile accordingly!

I doubt if you'll find _much_ discussion, as nearly everyone agrees with you. You certainly won't get flamed, not for feeling that wine's for pleasure, rather than speculation.

As various have said, I can't imagine you'll get flamed. I agree with the statements that have reached my ISP's server so far.

Wine is a source of astonishment, exasperation, delight and occasional disappointment, but it shouldn't be a source of profit. I can never understand those who buy the stuff to sit on it in the hope of making money (same goes with whisky).

It has always been my dream (unattainable) to go to some high-powered auction with a couple of friends and buy some rare and unique bottle, whip out a corkscrew and some glasses, pour a glass for the auctioneer, one each for my friends and me and enjoy the Batemanesque scene of "The Man Who Drank The Wine He Bought At Auction".

James James Dempster (remove nospam to reply by email)

You know you've had a good night when you wake up and someone's outlining you in chalk.

Which is pure nonsense, from the broker's point of view.

There is a *huge* difference between wine and other commodities: It needs to be stored perfectly, and you have to deliver proof of it.

M.

"Wine is a source of astonishment, exasperation, delight and occasional disappointment, but it shouldn't be a source of profit. " Please don't tell that to my friends who are ITB.

"Nearly everyone" is right; here is one that does not agree.

Whether we like it or not, there is a wine investment market out there which impacts our "drinking" market. Knowing how it works may give us consumers a heads up on getting good values, for example, by identifying trends, learning about price collapses, etc.

So, put me on the dissenter lot. Wine investment is a suitable topic for the group.

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