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Should I invest in champagne or fine wines or neither? My friend has had a bottle of Dom Perignon 2002 given to him. I Googled it out of interest and it turns out its really valuable. So I looked into it but I have no experience. Help please?
10 Answers
I have been investing in fine wines for many years. I hold several cases of Burgundy in a serviced warehouse. They are not an annual percentage yealding asset but they due accrue in value and having sold several cases at a huge profit. It has to be a long term thing and I am not sure of the sustainability of Champagne due to its nature.
champers is getting more and more popular amoung the youth culture so why not
but it won't give you any annual income
there are many benefits but you have to know the right broker. I would shop around and definitely use someone with French connections
it's outperforming the older fashioned wines
I would be careful. How do you store it?
there are companies who store it for you in a special warehouse
sounds iffy. What if something happens and it's stolen or something?
I do believe they have insurance or at least I should hope!
it is a good long term investment in my opinion.
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