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mattyn1
Original Poster
1,288 posts
24 months
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Just had a cold call from some firm in London asking me to invest in fine wine. They tell me they keep the wines there at their own secure cellar, but want me to invest alot of cash to them. They referenced Andrew Lloyd Webber who apparently sold his 200K wine collection for 3.6M. Google it and it is the number one result! I guess some have had similar cold calls - I have no interest as my Scam alarm is going ape s  t, but am interested if anyone has actually invested in this? Sorry - I cannot remember the company! I told her (and she did sound quite nice!) that I prefer to drink the stuff! They are sending me some literature though!
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WorAl
10,877 posts
57 months
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I get this all the time and it really bugs the s t out of me. However, if you are interested, do some research yourself and go hunting them, rather than accepting the cold calls. Surely any sane person would do this?
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MagicalTrevor
4,782 posts
98 months
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It's a bit of a con, wine investments aren't very good at all. I'd steer clear (and have done because I've had the same calls)
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Kenty
452 posts
44 months
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Over the years wine has been the best investment by far. BUT you really need to know what you are getting into. I suppose it's the same with every investment though. Do some research, could be ok, but I am very wary of cold callers and have never used one yet.
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mph999
1,750 posts
89 months
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I had them today, 1 case would set me back £3000, though apparently it'll x2 in value ... yea ok ...
He wouldn't take no for an answer ... He's going to be disappointed when he calls me back.
M
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Dimski
1,867 posts
68 months
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I haven't, but I gather it can be done. The Wine Society offer it, for example. I'd probably start somewhere like that were I going to try it. My mum has a few cases of some '80s stuff which has kept really well (at home). There isn't enough to be worth selling, so she (and I, when visiting) are enjoying them on the odd occasion! 
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Mr GrimNasty
2,470 posts
39 months
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mph999 said: I had them today, 1 case would set me back £3000, though apparently it'll x2 in value ... yea ok ...
He wouldn't take no for an answer ... He's going to be disappointed when he calls me back.
M Ask him to bring some round for a tasting.
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andy ted
660 posts
134 months
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Dimski said: I haven't, but I gather it can be done. The Wine Society offer it, for example. I'd probably start somewhere like that were I going to try it. My mum has a few cases of some '80s stuff which has kept really well (at home). There isn't enough to be worth selling, so she (and I, when visiting) are enjoying them on the odd occasion! I think to reach a decent price it needs to have no gaps in its history of where it has been stored. Once it goes out to the consumer market I don't think it makes anywhere near the value of something that has been stored in a commercial cellar as there are too many variables to storage. This is a round about way of saying I think drinking it definitely sounds the best option! Has anyone had the 'rare coloured diamonds' one? they got really personal asking what I knew was a better investment than they are (!) when I said I would research it myself if I was interested he hung up! Only for someone else to call a bit later... jokers!
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mattyn1
Original Poster
1,288 posts
24 months
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The woman who phoned me was really chatty and nice, I was thinking totally off topic!
I do wonder about wine. We bought a dozen bottles on Thursday in Tesco, only two left so in the off chance I did invest in wine, it would need to be such a long way away!
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OdramaSwimLaden
1,814 posts
38 months
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A good friend of mine runs a wine fund and has for the past decade returned min 20%; it's a real old boys club.
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NoVetec
5,798 posts
42 months
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There is also the problem that the investment would be drunk.
If they're that fine, they're surely for consumption.
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jogon
633 posts
27 months
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Mr GrimNasty said: Ask him to bring some round for a tasting. This. Same goes for any land you might be offered, go and check it out first...
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Doofus
2,463 posts
42 months
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I've bought one or two hogsheads in the past. Always made money on them, but these were only short-term punts.
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niva441
1,346 posts
100 months
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I had an outfit call me up a couple of months ago offering me wine investment. Didn't help their case at all by coming over totally unprofessional with an almost barrow-boy like attitude and especially the refusal to accept no. Had I been vaguely interested this would have finished off any interest.
So the deal is I pay you for wine, you store it, I pay you to store it and then pay you to sell it. What could go wrong.
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coyft
3,013 posts
80 months
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I'm an investor in fine wine. Be very careful loads of companies out there that will take your money and disappear. If you are considering wine as an investment, I'd start here http://www.investinginfinewines.co.uk/
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Cheese Mechanic
1,456 posts
38 months
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To be honest, I don't think that cold callers selling wine should be treated any differently from the "other" cold callers, glazing, Photography, etc etc.
Just tell them not interested and put the phone down. If they call back, "I told you once"....
As for wine as an investment, its a specialist subject, something you really do need to have detailed knowledge about. After all, anyone acting on your "behalf" will ensure a cut of your investment, whether it carries a good return or not. Simple as that. I'd imagine these wine orientated cold callers have sprung up owing to the very weak En Primeur market.
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LooneyTunes
2,433 posts
27 months
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Simple advice: Don't do it.
(look up the thread a couple of weeks ago where someone was asking the same)
Just for reference, off the board the poster told me what he was being offered as an "investment". I could have bought that same wine, on the open market, considerably cheaper than that great deal.
The wine market is so bad these days that I know of at least one broker who has declined to even offer their clients prices on some high level claret in the past week. (not to buy it, just to broker it!)
The bottom line: it's a completely unregulated market that has been VERY frothy over the past couple of years. If you do "invest", don't do so until you've googled "investdrinks" and read through that site. If you still want to push ahead with anyone other than a handful of top end broker/merchants then don't expect much back.
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jogon
633 posts
27 months
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Cheese Mechanic said: To be honest, I don't think that cold callers selling wine should be treated any differently from the "other" cold callers, glazing, Photography, etc etc.
Just tell them not interested and put the phone down. If they call back, "I told you once"....
As for wine as an investment, its a specialist subject, something you really do need to have detailed knowledge about. After all, anyone acting on your "behalf" will ensure a cut of your investment, whether it carries a good return or not. Simple as that. I'd imagine these wine orientated cold callers have sprung up owing to the very weak En Primeur market. These guys are a little bit more debonair In their approach. Often well spoken with the gift of the gab so echo the barrow boy statement but with a bit more class.
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sideways sid
323 posts
84 months
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I've never quite grasped the concept that an investment in wine is only ever realised when you sell it to someone else who thinks it's value will continue to. Eventually, you surely have to find someone who buys it to drink it!
It's easy to be sceptical of being asked to invest in something by someone who will charge me to buy it, store it, and then sell it - doesn't always seem like a fair balance of risk and reward between the investor and the broker.
I prefer to invest in other things that I understand and just drink wine out of the profits!
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Mermaid
12,481 posts
40 months
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sideways sid said: ..
I prefer to invest in other things that I understand and just drink wine out of the profits! That's a pragmatic view 
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