Fine Wine Investors Lose Millions As Companies Go Under -- BBCPeople investing money in fine wine are estimated to have lost over £100m over the last four years, the BBC has learned.
It is thought more than 50 UK-based vintage wine investment firms have collapsed in the same period.
Some individuals speaking to Radio 4's Money Box say they have lost over £100,000 after investments went sour.
Liquidators say they have uncovered examples of "colossal" mismanagement.
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My Comment: I always tell those who are interested in wine as an investment that they must first meet the following requirements.
(1) They must be passionate about wine, and understand what makes a good wine (or not).
(2) Do not invest your entire savings .... a small portion is OK
(3) Do your research, and always educate yourself.
(4) Always take possession of your wine, and have the proper storage facilities to keep it.
(5) Be willing to drink your investment .... and enjoy it while doing it.
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