| It might be time to check your cellar. Investing in | | | | To begin it you will need to learn about market |
| wine is a serious business and you may just have | | | | trends and pricing. This can be done by building |
| that elusive bottle of Penfolds Grange hiding in the | | | | good relationships with quality auction houses and |
| corner. If you are new to the idea of investing in | | | | retailers. Learning about wine is important so join |
| wines, you may be surprised to know that certain | | | | a wine club, visit wineries and enroll in a course or |
| brands and vintages sell for tens of thousands of | | | | two. Join or start a tasting group (this is where |
| dollars per bottle. Quite often the bottle may only | | | | you can tipple), ask questions, learn from each |
| be half full and not in perfect condition either. | | | | other and taste, taste, taste. |
| Certain factors determine the value of the item | | | | Not every wine you buy will be a winner and |
| including year of manufacture, limited editions, | | | | there will be duds, just like those penny stocks in |
| special signings and presentation cases to name a | | | | the share market that don't perform. Wine |
| few. You are not limited to a particular type of | | | | investment is not a short term strategy so be |
| wine if you choose to invest in wines. All types | | | | patient. Like the share market you need to buy |
| such as, port, sparkling wine, red and white wine, | | | | low and sell high. At the same time it is like the |
| muscat and champagne are all readily available as | | | | property market, the price is determined by |
| an investment. | | | | supply and demand. |
| As a beginner you must be aware that as with | | | | Before you run off to check your cellar, |
| other types of investments, there may be pitfalls | | | | remember that to get top dollar prices you will |
| and it does require time and money. The rewards | | | | need to keep them in near perfect condition. |
| can be personally satisfying and profitable though. | | | | Good luck and happy tasting. |