Essentials to Starting A Wine Collection
July 29th, 2020
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 tell you the current value of your vintages.
Find a place to store your Collection.
You may want to begin a collection at your home initially, but if you want a collection worth having and showing off, you will need to find a good place to store your bottles. There are many wine cellar manufacturers who will retrofit your home with a custom-made wine cellar. Bee Safe also has a wine cellar at every location. For a list of our locations, you can click here.
Like any new hobby, the more you learn about it, the more fun you will have. Wine is one of the oldest drinks in the world, comes from may different areas of the world, and wine makers are still innovating new ways to create new blends. Become a wine club member at your local wine shop, engage in wine tastings, listen to podcasts, read books, and always be learning. Wine collecting can be one of the most fun hobbies you pick up!