talking about Investing in Wine as an Alternative Asset
Earlier this month our very own Joann Maplesden was invited to talk about investing in wine to a group of women interested in alternative assets. Having worked in the Fine Wine and service industry for over 25 years, Joann is immeasurably qualified to speak knowledgably about what to buy, how to store, when to drink, and when to sell. She also has a deep understanding of the food and wine culture, which is at the core of what many collectors are interested in.
The advice she gave is what an expert in any field would give to a novice investor:
- Read and taste widely.
- Buy the best you can afford; it will always reward you.
- Immerse yourself in the world of wine, there is so much to learn and it’s also a lot of fun.
- Don’t expect to know everything overnight. While it might be easy to chase just the big names – the first-growth Bordeaux and Grand Cru Burgundy, there is also great value and pleasure to be found just a little off the beaten path, in the wines of the Rhône Valley or Piedmonte, in Spain, Sonoma or Margaret River.
- Remember to differentiate between investing for pleasure and investing for profit.
- And remember – the rewards of sharing a well-cellared wine are ample!
This month’s Fine Wine and Spirits auctions offer wines for the novice collector, seasoned collector and the sommelier. Led by a lovely selection of well-cellared wine from the acclaimed Rundles restaurant of Stratford, Ontario, the auction goes deep into world-class Burgundy and California Cabernet Sauvignon. There are numerous mixed lots for current drinking pleasure, investment grade lots for the collector and wines ready for the spring and fall festivals. There is a plethora of Château Pétrus from numerous vintages, an awesome selection of wines from Rousseau and Leroy and a very special flight of Screaming Eagle Cabernet Sauvignon.
We hope you enjoy this auction as much as we enjoyed assembling it for you.
Please also note our consignment deadline for the May auction is fast approaching. Wines for consideration should be sent to us by March 16, 2018.
Stephen, Joann, Devin