ParkHill
Posts: 124
Joined: 6/27/2007 From: Denver, CO Status: offline
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I've been thinking about the concept of collectibility. I'm pretty strongly attached to QPV. In looking through my cellar, I feel I've overpaid for some cult producers, and discovered wines I love at half price or better. I'll be interested to see if the cult wines warrant the glory in a few years when they finally age in! But, if collectible is about price appreciation, it is unclear whether cult producers will do better than my High QPVs. Maybe, if they stay cult, meaning everybody will continue chasing after them. My High QPVs have more upside, but only if they move toward the cult or at least highly desired category. In addition, if the question is whether I'm better off purchasing new wines and storing them, or investing the money and buying the same wines in a few years. By the rule of 72, a wine would double in 10 years at 7% appreciation, so the question is whether wine appreciates faster than inflation or my investment skills. Looking at 10 year old wines vs new releases, it seems to me (roughly) that retail prices on new releases have gone up faster than pricing on older wines. Expensive as they may be, I may have a better investment (not to mention drinking experience) on a 1996 Barolo, than on a 2004 Barolo, plus I have to wait 10 years on that new release. That begs the question of availability. Winebid does seem to have availability on well-rated wines with some age. Some of these are pretty good, but now that I'm seeking particular wines, I'm not necessarily finding them at winebid.
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