Buying from reputable fine wine merchants & brokers
Check out Jim Budd's excellent blog and site, who has been leading the good fight against disreputable and financially risky traders for many years.
The message is loud and clear when looking to invest in wine:
- Stick to established sources, especially when buying futures
- Use pricing tools such as Wine Searcher to establish fair market value based on a known range of selling prices if in any doubt
- Report suspicious cold calls and hard selling to Jim.
I've met intelligent people who have invested in wine futures and lost considerable amounts of money. Basic checks and following Jim's advice is as good a way as any to ensure many, many years of happy drinking and fine wine appreciation.
Posted in: Fine wine pricing and valuations, Fine wine provenance, Market news and analysis,
Tags: fine wine prices, Jim Budd,
Value, track and trade fine wine
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