Art & Antiques by Dr. Lori
Three Tips for
Collecting Wine
One of the most active sectors of the antiques
and collectibles market is wine. Recently, wine
has become extremely popular with collectors.
After the 2008 wine market slump, in the wake of
the financial crisis and the revealing counterfeit
operation of a major wine collector, today’s wine market
is active and exciting. Antique and vintage wine sales are
booming and records are regularly set by enthusiastic collectors,
including millennials, who love wine tastings, wine
touring, and wine pairings.
Here is some proof that is in the vineyard rather than the pudding, so to
speak. In 2017, the worldwide wine market reached $80 million in auction
sales and that doesn’t count wine dealer sales. Many agree with Bacchus’
view on wines… it is the nectar of the Gods. And it isn’t a bad investment
when it comes to collectibles either.
You must need to get your wines authenticated just as you would any other
valuable asset. Authentication is key just as it is with any work of art or antique
piece. There are established wine dealers and there are also some folks
who are trying to tell you something is good when it is bad. There have been
reports of sellers switching wine bottle labels, forging or faking blends, etc. So,
when it comes to antique and vintage wines for the new wine collector, how
do you tell the good from the bad?
1. Establish the provenance.
As with any valuable collectible, provenance or the history or lineage of an
object or collectible is very important to establishing value and background.
So, look for wine auctions that offer original sales receipts for the wines that
they are selling. Documentary images or period photographs that can help you
identify and document the lineage, background, or provenance of a particular
bottle of wine are very helpful in identifying a wine’s history and background.
This is most important.
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