Planning to buy some old wine? How about investing in some of the oldest wine in the world?
Don’t stop there! Wine is one of the most elegant items to collect. That said, starting a wine collection is no simple task. That’s why we’re here to help. With commitment and patience, you can do it along with the tips in this post.
Are you ready to start collecting wine? If so, read on and find out more:
1. Get Disposable Income
It goes without saying—don’t start collecting high-value wines if you’re not in a good financial situation. Collecting your wine’s costs won’t stop even after your initial purchase. You need to invest in wine credenzas, insurance, documents, and security.
2. Always Check the Wines You Have
When storing wines, you need to have some sort of order. The barest essential is to know the location of each bottle as well as its quantity. There are a lot of software you can use, but if you aren’t tech-savvy, analog record-keeping is still great.
3. The Initial Wine Value Matters
It isn’t likely for a bottle of Charles Shaw to become a popular collectible. It only becomes valuable if it gets some significance like a commemorative bottle. But if you want to get the most out of your collection, get the valuable, rare ones right now.
4. Save All Documentation
You need to save everything related to your collectible wine purchase. Get the original receipt, auction text, or identification of the person who sold it. You can also write a description of the bottle, detailing the marks that make it unique.
Make sure to store your documents like you store your wine collection. It’s important for collecting wine since it helps you identify it when anything untoward happens.
5. Don’t Handle Your Wines Too Much
If you want to show off the wine bottles in your collection, don’t show the bottle itself. Use your documents and show them to the people who doubt you. Let the wine bottles rest and keep everyone away from your bottles.
For example, a very old wine should sit still for 4-6 weeks after you get it. The stuff inside is sensitive, so learn how to wait before you start drinking it. You’ll get a reward for your patience with its fine, exotic flavor.
Start a Wine Collection Today!
One last thing to remember when it comes to a wine collection: beware of fakes. The sad truth is that wine is one of the easiest collectibles to fabricate. Old bottles aren’t that difficult to get—old bottles full of old wine are.
Always stay vigilant and think before you buy, reading seller reviews and other types of research. If a deal is too good to be true, it most likely is. That’s why you shouldn’t buy an 1860 vintage from a suspicious van.
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