Posted by Will Lyons on December 2, 2015
Buying wines is exciting. Selling is less so. But it’s an important part of the investment process. If you don’t sell from time to time you’re not a wine investor, you’re just a wine-drinker with a very expensive cellar.
So who determines the value of your wine? It is a combination of factors, including the quality of the year it was produced, the reputation of the estate, its age and maturity and the opinion of critics, the most influential of which is the American Robert Parker. Underpinning all this is supply and demand, like other tradable commodities such as gold and oil – scarcity increases value.