FINANCIAL WINES ISSUES FINE WINE WARNING
Financial Wines, the online price spread service for fine wine, has warned potential investors about the downside of investing in what appears to be a "bull" market for the industry. "While we openly support the idea of investing in this tax free' commodity, it is essential that investors are aware of the vast price spreads being offered for the same commodity," said managing director Phil Gearing. With top Bordeaux regularly trading at spreads of 50% or more, investors buying at the wrong end of the market will be waiting considerably longer for any return on investment." Financial Wines also warns investors to stick to traditional merchants and brokers. While there are numerous investment companies offering shares in wine portfolios, or offering to acquire blue-chip stock at gilt-edged prices, investors should seek to place orders with primary suppliers. For example, 1997 Loville-Las-Cases is currently being offered at 450-1,450 per case.
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