23 November 2011

Time to Buy or Sell

So in my constant quest to find good sources of information on the Fine Wine Market, I came across an excellent piece on Provenance Fine Wine’s site. It’s title is “Time to Buy or Sell” :

There are many wine investors in the world today, and David Weinstein, a well-respected dealer of French art glass in New York, has one of the most impressive collections in existence. His fine wine investments have included more than 1,000 cases of wine, mostly red Bordeaux.

Many experts in the realm of alternative investments agree that there are really only three ways to deal with rapid price fluctuations in the fine wine market: either be dedicated to weathering the storm, start to drink from the bottles, or buy more to take advantage of the low prices. Those who have put some hard-earned money into fine wine investment may have seen bad times in the last quarter of 2008, but the prices rapidly picked up again in the first quarter of the following year.

According to experts, now is the best time for collectors to invest in fine wine, in part because it will give them a chance to fill in any expensive gaps. After the major corrections were made in 2008 and again this year, the biggest names in the wine industry were affected, particularly those that belong to the first growth Bordeaux category. Examples of such wines include Lafite, Latour, Mouton Rothschild and Chateau Margaux, among others.

To further support this stance, Charles Curtis, who is in charge of Christie’s wine department in North America, has recently said that now is a very good time to purchase fine wine. In fact, he mentioned that now is the best time in the entire last ten-years. Today, many people have become eager to take a part in fine wine as an alternative investment. The current market has brought unprecedented access to such alternative investments these days, and even ordinary people who do not have millions or billions to spend now have a chance to experience the fine wine market.

To continue reading the rest of this article, please go to http://www.provenancefinewines.co.uk/time-to-buy-or-time-to-sell/



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Posted 23rd November 2011 by Vim in category "Wine Blog