teddy Posted October 10, 2007 Report Share Posted October 10, 2007 I met a chap here in Dubai today and we got on to discussing investments. He told me that he owned over US$500,000 worth of fine wine, mostly Bordeaux and mostly en primeur. He never see's the wine, it is stored in a bonded warehouse south of London and he reckons it appreciates in price by between 25 and 30% each year. Sounds too good to be true, anyone ever dabbled with this type of investment? Link to comment Share on other sites More sharing options...
CTO Posted October 10, 2007 Report Share Posted October 10, 2007 drank the profits, so I invested in fine beer, got warm so I put it on ice, then drank it too, was a great day Link to comment Share on other sites More sharing options...
Torneyboy Posted October 10, 2007 Report Share Posted October 10, 2007 Sounds like a scam 30% Link to comment Share on other sites More sharing options...
cavanami Posted October 10, 2007 Report Share Posted October 10, 2007 My brother-in-law buys tons of wine, but never has seen such an increase. If it is too good to be true...(you fill the rest in) Link to comment Share on other sites More sharing options...
flacko Posted October 10, 2007 Report Share Posted October 10, 2007 It really isn't all that great of a investment,Yes wine may go up in value but just because it go's up in value doesn't mean you'll have a easy time selling it.Here is a good article about wine investing http://www.wineeducation.com/invest.html Link to comment Share on other sites More sharing options...
samak Posted October 10, 2007 Report Share Posted October 10, 2007 did you ask him, to whom he sells them? or does he drink all? Link to comment Share on other sites More sharing options...
chelseafan Posted October 10, 2007 Report Share Posted October 10, 2007 Ok I have bought Bordeaux en Primeur for the past few years for the company I work for. 2004 is just being released and is expected to be the best vintage yet; as an example, Chateau Lafite is going for around £200 per bottle, we paid about £60 for it 3 years ago. En Primeur has to be paid for in advance and its very much a gamble as to whether its going to be a good vintage when its bottled The supply is very limited and as years go on and people consume the wine, what is left appreciates in value significanly. 2004 is expected to be the best year yet. As to your question, I would be VERY dubious. Supply of en Primeur is limited, I am not saying this guy doesnt have the stock but it smells fishy to me and I would want to see the stock, get a professional to check it, make sure its not been uncrated (usually its sold in crates of 12 bottles) and I would also want to see the paperwork back to source. Check if its 1st growth as they are generally the most valuable, the growths run from 1st growth through to 5th growth. Bear in mind that some en Primeur isnt going to appreciate much, however, La Clotte, Lafite, Rothschild etc are a good buy. Not only that I would also want to speak to the Chateau owner to see whether he really did sell the stock to this agent. If its kosha and you are happy then you will probably make a killing, but please do your homework before jumping into this sort of thing. Link to comment Share on other sites More sharing options...
Torneyboy Posted October 11, 2007 Report Share Posted October 11, 2007 Drinks them Link to comment Share on other sites More sharing options...
teddy Posted October 11, 2007 Author Report Share Posted October 11, 2007 Thanks for the info CF, the guy operates through Bourdeaxindex. I have checked out their website and it seems very legit, have a look and see what you think, 90% of what he buys is of the status of Lafitte, Mouton, Latour and Petrus etc. I have decided to test the water, I will do a lot of research over the weekend, I will let you know how it goes :thumbup: Link to comment Share on other sites More sharing options...
teddy Posted October 11, 2007 Author Report Share Posted October 11, 2007 It really isn't all that great of a investment,Yes wine may go up in value but just because it go's up in value doesn't mean you'll have a easy time selling it.Here is a good article about wine investing http://www.wineeducation.com/invest.html Thanks Flacko, interesting reading :thumbup: Link to comment Share on other sites More sharing options...
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