Fine Wine Investment
Discussion
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!
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!
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!
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!
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!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!
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!
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.
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.
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.
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.
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.
(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.
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. 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.
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!
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!
jogon said:
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. 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.
I used this method after I had been running my business for a while . The prob I had was advertising people . It got annoying so I adopted the behaviour I explain. It works , like said get no pleasure from it, but if they choose to ignore, then their look out.
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