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Big problem with wine collections is transfering stock into money. Selling big stashes is not going to be easy and cheap.
by dejv 7y ago
Big problem with wine collections is transfering stock into money. Selling big stashes is not going to be easy and cheap.
- audiometry 7y agoAnd also paying for storage while holding it. And also, what is total notional value of all burgundy in the world? 1bn? That’s nothing in scale with other markets. Dumb article.
- dejv 7y agoOh yeah storage is huge part of what determine final price: for investment grade wines you need to proof that you store it in proper place with reputable vendor. those places are not cheap and will eat into your margin.