Most Italian wines are consumed within Italy and very little gets exported abroad. This is why different vintages from different years appreciate over time. As more wine is consumed from certain years and batches, the supply decreases and therefore increases the rarity and price.
The challenge with investing in wine is storing it. Without proper facilities to keep your wine collection in exceptional condition, you risk spoiling your investment. The good news is companies like Vinovest make investing in wine more accessible to the masses. Through their platform, you can buy wine and they will safely store it for you. If at any point you want to consume your investment, they will ship your wine to your home.
The minimum balance for Vinovest is $1,000 and you pay a 2.85% annual fee to cover labor, storage, authenticity guarantee, portfolio rebalancing, and insurance. You can lower your annual fee to 2.5%, and get one-on-one expert guidance with access to extra rare wines, if your minimum balance is $50,000 or greater.
Sven Franssen