1. Be Careful of Wine Scams
Fine wines can make a good, relatively low risk long-term investment Imperial Wines Of
London. However as with all types of business, there are rogue wine traders who are intent on
conning people out of their money. Whether you are a wine enthusiast starting your own fine
wine collection or someone looking to build up an investment portfolio, this guide provides some
tips on how to protect yourself from becoming a victim of wine fraud. Over the past decade one
of the most popular alternative investment scams has been drink. Before you commit to buying
wine, make sure you are dealing with an honest, reputable business with a successful track
record in the trade. When buying wine before it is bottled and released to the market- referred to
as en primeur - it is especially important to deal with a reputable company. Given en primeur
wine is usually delivered 2-3 years after the vintage, it can be particularly open to exploitation by
fraudsters.
What is En Primeur??
En primeur or "wine futures", is a method of purchasing wines early while a vintage is still in a
barrel, offering the customer the opportunity to invest in a particular wine before it is bottled.
Payment is made at an early stage, a year or 18 months prior to the official release of a vintage.
A possible advantage of buying wines en primeur is that the wines may be considerably cheaper
during the en primeur period than they will be once bottled and released on the market. For the
consumer, purchasing en primeur gives them the opportunity to secure wines that may have very
limited quantities and be difficult to get after they are released.
En Primeur gives Fraudsters a 2-3 year window to collect clients money and when the wine is
bottled they dissapear into thin air.