There’s something special about wines. Sometimes it’s less about the taste and more about the elegance and style, the memories and moods it creates. Sometimes it’s about age.
A 50-year-old wine may not depreciate but appreciate instead, giving you some considerable return on investment. That’s how cherished this bottled phenomenon is.
Whether you’re investing in collectible wine for the potential returns, the feel of drinking finely-aged wine, or for pure pleasure, note that not all wines have the potential to increase in value.
As you look to stock up your wine cellar with collectible wine, here are some tips to follow:
1. Buy expensive wines for keepsake plus others you enjoy
Not all wines make it to the age competition. Of over 2 million wines produced, only about 500 can potentially increase value with time.
Typically, wines with investment value will start on the high side, around $200 a bottle. So you want to consider sourcing wines from high-end brands.
But while at it, remember that wine is meant to be enjoyed. Find quality wines from the best wine subscription so you can always have vintage to drink that suits your taste and style.
2. Buy in cases
Buying and storing wines in cases is advised as most buyers prefer and are willing to pay more for wines in their original cases. It’s worth purchasing each wine in case quantities of at least three bottles, and have at least two extra to taste after a few years to see how the wine is aging. This will help you know when the wine is mature to avoid selling when it’s already past its peak.
3. Go for reputation
Chances that a bottle of wine from an unpopular brand will become highly sought for in the next decade are slim.
Fine wines from well-known producers and with a good reputation will likely live on for years and increase in value when they become scarce. So this is the kind of wine you want to go for.
You can find great deals on rare wines on Sites like Wine-searcher. You could also get some rare quality brands on auction, keep them for years, and enjoy or resell.
4. Avoid making your cellar solely for collectible wine
Investing in collectible wine is great. But as a connoisseur, there is pleasure unimaginable when you indulge. So when you’re actively looking for potential returns on your wine purchases, you may want to consider a wine cellar with three tiers:
- Tier 1: This section should contain wines you drink casually and on occasions and events. Consider looking for the best wine subscription to get good deals on regular wine delivered to your home.
- Tier 2: This may contain wines with a likelihood of appreciating but priced low, so you don’t feel bad about sipping some.
- Tier 3: Reserve this for the high-end wines set aside to be untouched for years.
Do your research. There are wines manufactured and stored to age to be sold only after some years.
It takes time and patience to research wine futures to understand the quality and potential of the product, but it will be worth it.