Investment in wine has been a popular way to fund future drinking; however it is also seen as an alternative to more mainstream investments.
It is vital to seek professional advice when planning to invest and important to note that Raffles, and indeed most merchants, is not FSA registered. Professional advice should also be taken elsewhere.
Over the past few years, wine investment has bucked the trend, and provided the correct wines are bought, prices tend to increase in value. Increasing interest from the Middle East and emerging markets like China continue to keep the market buoyant. Wines held as an investment are not subject to capital gains tax.
Not all wines go up in value. The main focus for investment grade wines are first and second growth Bordeaux. Some Burgundy, Rhone, Italian and American wines may increase in value, however these are much higher risk wines to buy.
We are happy to advise on which wines to buy and source wines which may be of interest. We recommend that these wines should be bought in bond (ex duty and VAT) and stored at a dedicated bonded warehouse to guarantee the condition and provenance of the wine.
For further details, please contact us.