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How to choose wine for investment

How do you find a reputable wine merchant? Jim Budd, a freelance drinks journalist has been campaigning against wine fraud since 1996. He has a website which offers information about bogus companies, together with advice for fraud victims. Budd's site lists 34 legitimate wine brokerage companies along with leading wine merchants. The Wine and Spirit Association also runs a voluntary code of practice for mail order and web based wine selling.

Before buying wine as an investment shop around, compare quotes from wine merchants and brokers and check out price databases such as www.winesearcher.com. Magazines such as Decanter and Wine Spectator offer up to date news and advice.

When buying fine wines, always make sure the bottles have been cellared correctly. If the wine has been traded several times already there is a chance that it has been exposed to light, heat and vibration all of which will affect the quality of the wine and of course its value.

 

Research current prices i.e. make sure the wine is not overpriced. It is possible that the wine could be a counterfeit and would therefore be worthless. There have been many dubious wines on the market and there is even a trade in empty vintage wine bottles from restaurants! Always make sure that your wine is insured to its full replacement value.

Below are links related to vintage wines:

 

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Investments.co.uk covers the entire range of financial investments so visit us at www.Investments.co.uk to help you put together a well balanced investment strategy.

 

How to buy wine
How to store wine
How to choose wine
Insuring wine
Learn more about wine
Selling your wine
Tax guide on wine

 

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