You don’t have to enjoy drinking fine wine to invest in it, but if you want the biggest returns on your collection, it pays to know your wine labels and a few important things about the viticulture industry.
Wine is not a traditional investment, so it might surprise you to know that in 2014, the famous Sotheby’s auction house sold six bottles of Chateau Petrus 1982 for a staggering £19,975. The same year, Sotheby’s in Hong Kong sold a 114-bottle set of Romanée-Conti wine for US$1.6 million.
The sale of American billionaire Bill Koch’s massive wine collection has been one of the most impressive in recent times. According to a May article in the Decanter, the record-setting auction lasted for 27 hours over three days and fetched US$22 million. Highlights included 10 bottles of Château Mouton-Rothschild 1945, which sold for US$343,000, and a 12-bottle case of DRC Montrachet 1978, which sold for US$171,500.
If you are keen to start a wine collection with the intention of reselling your bottles at a higher price in the future, there are several important things to consider.