Wine Storage
Wine collecting has become a popular hobby in the last several years. Statistics from Live-Ex show investment type wines, bottles that are listed at $25 and above, have aged better than most equity and fixed-income indexes. Some wine collectors get into the hobby purely for investment purposes while others love wine and want to hold onto bottles they pick up at various wineries. Why should you have a wine collection? If you call yourself a vino enthusiast, love to frequent local wineries and wine bars, turning your interest into a hobby may be perfect for you. If you want to begin your vino collection, here are a few steps to begin with.
Begin Your Collection with What You Like.
Wine collecting sounds like it could get confusing fast. However, there is no need to jump into the wines and blends that you have no idea what they are or even how to pronounce the names. If you’re a Cabernet Sauvignon fan, start off your collection with various Cabs from different wineries and different vintages. If you enjoy a fruitier wine, get a collection started with Zinfandels, Pinot Grigio, and other fruity wines. You want your wine collection to reflect you, so you do you!
Set a Budget – You Don’t Have to Break the Bank!
Set a monthly or annual budget as you begin to collect your wines. You may want to start off with bottles coming only from your favorite wineries, or a local region even. Investment or collection- type wines are considered bottles that are $25 and up, which are easily found in local wine shops. There is no need to dive deep and purchase a $1,000 bottle on your first buy. Set a budget and ease into it.
Keep Track of Your Collection.
It is good practice to document your wines; where you purchased a bottle, when, from whom, and what was the price. It is also good practice to have your collection appraised annually by a certified wine appraiser, someone who can ...
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July 29th, 2020
