I am new to collecting wine, but I have an eye towards the future when some of my wines may appreciate. I am not really interested in shipping wines across state lines and was wondering if local markets in major cities are a thing?
you didn’t mention where you live, but in the United States, you need to have a license to sell wines. Or you can consign them to an auction house, restaurant, retailer, etc.
and welcome.
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Occasionally likeminded collectors trade
Stay in it long enough you’ll find someone
Certainly it’s fair to consider wine an investment.
Many on this board see it as much more than that.
I would say that if you haven’t figured out how to sell and collecting as an investment is a high priority for you, keep doing the work to find out how it will work best for you.
Do you have an inside track on Leroy, Coche and Lamy-Caillat allocations? Otherwise the cart is firmly ahead of the horse here if you just started collecting and are wondering about selling your newly appreciated treasures.
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Yeah. By and large, your wines probably aren’t going to appreciate as much as you think they will. In fact, most will probably be worth less than what you bought them for. I would focus on buying what you like and drinking them.
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don’t collect planing to sell. As noted that ship has sailed. Buy what you want to drink, as stated by others.