Project Senso Forums

Apparently, wine investing isn't as lucrative as purported. Especially when economists say they are not good investments. (more than one to boot!)

Or I am totally wrong in making that conclusion? Decide for yourself:

http://practicaleconomics.blogspot.com/2007/09/are-wines-good-investments.html (http://practicaleconomics.blogspot.com/2007/09/are-wines-good-investments.html)

Also, vintage seems to be totally useless nowadays. (see article for a piece of research regarding vintages)

Hmm... nice analysis from an economist. Maybe it's not very fair to the wines. Is there any analysis from wine collectors? or just ask people in the fine wine trade why their wines are always more expensive...

My opinion if you wants to invest or know more about wine investment, seek advise from someone who is passionate about wines. Ask him/her more about wines, rather than the potential upside.

http://vicentewine.blogspot.com/2007_07_01_archive.html

Economists can be one of the best people to ask for investment advice because they tend to be very objective. And economists tend to rely on practical data instead of popular opinions, which makes its easy to avoid a "war of opinions" since the focus is on analyzing information instead of arguing who is saying the right thing.

But my article does not conclude that wines are bad investments. (the thread title is just to grab attention) There seems to be too little economic research regarding wine investing to come to any definitive conclusion at the moment. Also, i have not looked at the potential profit from speculation or having specialized knowledge (people like you).

The overall message is that wine investing is not "free money" and clueless investors should not jump into it; a message which i think that, given your training and expertise, even you will agree!


Nice website. Can see that you're very passionate in wine investing man!

Yup there is never 'free money' and I believe those who really care about the investments will benefit rather than being lazy about the whole process and leave the entire trust and management of their money to the broker or consultant. That applies to any kind of investments in the world isn't it.

Well i wouldn't say that they're bad, after having seen returns after 18 months.

First investment was done Feb 05, and 8% returns received last year.

Have then invested more.

Oh gosh its only 8%? If you need help on what wines can perform more than that you can pm me for more details.

Yes, that was my first batch of Australian wine to 'test water'. I wanted short holding periods.
I held on to that batch for only 12 months (or is it 15) although initial contract stated 18.

Have then invested in French wine/ En primeur with slightly longer holding periods, higher returns.

So since you have invested both new and old worlds, can you tell us about the difference and the pros and cons of Australian and French wines.

I don't think just one investment over 18 months is enough to tell if wine investment is good or bad.

Hmmm...I'm trained as an economist, but still, I'm not the best person to ask for investment advice! LOL

Anyway, to answer you question if wines are good investments, I'd say yes-- if you're using them to serve to people you are socialising and networking with. If you asked me, wine should be drunk, not hoarded!

:D

Maybe my statement was too strong...

In the world nowaday even paper are consider a good investment item if you know how to manage what you want.

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