You might want to write this down 📝
. They will help you know the ballpark price for a particular wine. “If it looks too cheap, there’s probably a reason,” Ritchie says. And finally, Smith advises you should be aware that “transporting wines is done seasonally by reputable sources because of extreme temperature fluctuations. You don’t want to go the cheap route after making expensive wine purchases and compromise what’s inside the bottle.”LokPotography.
So as you start building a collection for your own consumption—short-term and long—the investment “bug” is healthy. Bottles with appreciation potential will present themselves, through savvy advice and growing knowledge, and from fellow collectors. It’s important to retain documentation of your purchase price—and provenance, if you have that from an auction house or rare-wine merchant.
Smith suggests one more safeguard. “Stay on top of wine insurance. Home insurance does not cover loss, breakage and theft. And with offsite storage, it’s just as important. If there is a power outage that results in refrigeration failing, an earthquake that decimates your collection or mysteriously missing bottles, you have no recourse if your collection isn’t insured.”For Champagne, look to the lauded 2008 vintage.
Ritchie is clear with thoughts on current market opportunities. “Bordeaux is great value right now,” he says. “I would buy 2016, 2015, 2010, 2005 and 1998. Piedmont, the Rhône and Champagne are also still good values. Buy 2008 Champagne—it’s a great vintage.” All is not lost in his view, though, when it comes to scarcer regions. “Burgundy is seeing incredible demand, so buy the best growers you can in the best vintages you can.
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