Wine has been collected since the late 17th century by everyone from Thomas Jefferson to Andrew Lloyd-Webber, but any suggestion that it would be sold on for a profit, effectively creating a wine stock market, would in days gone by have made any gentleman choke on his venison steak.
Wine has been collected since the late 17th century by everyone from Thomas Jefferson to Andrew Lloyd Webber. Not much has changed either, except the idea of wine as an investment - any suggestion that wine might be sold on for a profit, effectively creating a wine stock market, would in days gone by have made any gentleman choke on his venison. But the most important considerations for buying wine are the same as ever, namely to know what to buy, who to buy it from, when to buy it, and how much to pay for it.
The advantages of investing in wine are fairly straightforward. Wine is an easily transferable asset with an established and thriving broking and auction market. There are no limits to investing; you can put in £250 or £250,000. However for anyone wanting a serious return, £5000 would be about the minimum realistic starting point. The expected average return on an investment portfolio is in the region of 15% per annum over a five year period.
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I’m just back from the United States where the local wine is ridiculously expensive, apart from the ridiculously cheap, and you wouldn’t want to drink an awful lot of that, since Diet Coke may be more subtle.
This month we feature luxurious wines from France — some well-known, others which deserve to become much better known.
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Simon Hoggart's latest selection for the month of August
Simon Hoggart's latest selection for the month of July
A visit to the London International Wine Fair is, paradoxically, a sobering experience.
I’ve been reading an intriguing article by Miles Thomas in the Psychologist magazine. It’s called ‘On Vines and Minds’, and it discusses many of the ways in which our brains determine the experience of drinking wine.
The budget has hit wine merchants and drinkers quite hard.
Time for our annual offer of Château Musar from the excellent folk at Wheeler Cellars, sister company to Lay & Wheeler.
I love Stone, Vine & Sun of Winchester. They keep winning awards for best independent wine merchant; they have a knack for finding delicious wines at excellent prices from places you haven’t heard about yet but very soon will.
This is our positively final offer for Christmas, and it’s terrific. Thanks to Lay & Wheeler we have half a dozen French classics, all of which would be very welcome on the Yuletide dinner table, or at a memorable party. What’s more, every one is generously discounted. They are not cheap wines, but they are tremendous value.
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