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#46 Luke Skywalker

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Posted 06 June 2010 - 07:16 PM

Anyone invested in Bordeaux 2005/06 (or who wants to be) should read this --

http://www.google.co...qpyreBFk3IZ-hpA

Classic tactic to try collapse a rising market and let the big boys buy in at a lower price IMHO.
B)

#47 ProdigalGnome

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Posted 01 January 2011 - 01:32 AM

Hardly Investment Grade wines are they??? B)


That's a bit snooty, and actually quite inaccurate.

ALL Cru Classé / Cru Bourgeois clarets in a decent year are "investment grade". I don't have the figures in front of me, but I bet that all pretty much appreciate at the same rate. So as an investment, buying a single case of Latour may work out roughly the same as buying, say, 40 cases of Batailley, but they are likely to increase in value 'pro rata', so in a sense it doesn't matter whether you put all your eggs in one basket or not. It's no different from an investor deciding between putting his cash in one hot stock, or diversifying.

If you think your case of Margaux or Haut Brion etc is a sure-fire winner, then put sink all your capital into those 12 bottles and hope you're right. If you prefer to spread the risk, and the same amount of cash, across a wider range of wines, go for it. Personally I prefer the latter option as it means I can actually drink a few of the buggers as well as sell a lot for a decent profit.

#48 Venger

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Posted 13 April 2012 - 06:38 PM

Reading around here and there, I'm getting very scared about my £25,000 sitting in the bank.

I'm worried about hyperinflation and the entire banking system collapsing.

I'm going to buy two cases of Chateau Margaux 2005 at £6,700 per case and two cases of the 2000 vintage at £6,500 a case.


Wonder how his worked out for him. Think it's a loss, minus storage fees over that time too.

I'm thinking this is also him below, from a different forum, but before a username change, judging by one of the replies.

http://www.debtordeb...tcy-t12470.html

I am considering an IVA or bankruptcy in the UK prior to emigrating to New Zealand.

Although I have a lot of debts I currently have some fine wine worth about £20,000.



#49 RichB

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Posted 18 April 2012 - 04:26 PM

One wonders....

http://www.metro.co....-fine-wine-scam

Fraudsters made £2.5m from ‘fine wine scam’


Wealthy investors who thought they were buying fine and rare wines were victims of a ‘perfect’ £2.5million scam, a court was told.

Investors thought they were buying fine and rare wines The wine did not exist and the money taken from customers was spent on ‘high living: foreign holidays, jewellery, fast cars and the like’, it was claimed.


The fraudsters set up three bogus companies, Bordeaux Wine Trading Company, International Wine Commodities and Templar Vintners, which had only one case of fine wine between them over three years,’ St Alband crown court, in Hertfordshire, heard.

‘The sales pitch to potential investors involved hard selling over the phone promising Premier Cru wine sold “en primeur”,’ prosecutor Ann Evans said.


This means that the wine is purchased whilst still in the barrel at the vineyard, the jury heard. It is then bottled and shipped to Britain where it is kept in bonded warehouses and does not attract VAT or capital gains tax.

‘It is not released to the client immediately, the client is simply issued with a Certificate of Purchase and so no suspicions are aroused in the first instance. It is a perfect vehicle for a scam,’ she added.


‘The beauty of this scam was that the investors were not expecting to see the goods they had purchased for some considerable time – years even.’

One investor alone parted with £100,000.


Five men Niklaus Cashman, 31, 37-year-old Paul Craven, Oseghale Hayble, 32, Benedict Moruthoane, 38 and 36-yearold Andrew Griffith, all from London, are charged with fraud. Anita Linskill, 27, from Bournemouth, is accused of transferring criminal property.


Read more: http://www.metro.co....m#ixzz1sPTuUHJ7


There was a documentary on bbc as well iirc.




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