Investing in Wine
Thinking of investing in wine? A discerning mind is just as important as a discerning palate when considering your options.
By Scott Bernard Nelson •
Opinions expressed by Entrepreneur contributors are their own.
In the film Sideways, Virginia Madsen's character describes wine as "constantly evolving and gaining complexity." Sure, but is it constantly gaining value? Is it a good investment?
Generally, the answer is no. The few wines that are made to age tend to be expensive and difficult to buy, store and sell. It takes serious know-how and connections to play this game, and still, there's no guarantee you'll make money. A study conducted by economics professor Joyce Jacobsen of Wesleyan University in Connecticut and Lehman Bros. investment analyst Benjamin J. Burton followed red Bordeaux wines--the world's most exclusive--over a decade and found they appreciated about half as quickly as the major stock indexes.
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