Friday, 13 April 2012
1855 Fine Wine Investments Ltd – I think I'll pass...
1855 Fine Wine Investments Ltd: main webpage
1855 Fine Wine Investments Ltd is yet another recent entrant into the increasingly crowded wine investment market. Although it likes to claim 'Generating consistent and long-term investment returns for its clients', this company was set up on 3rd November 2011.
One of the reasons the company gives for investing in wine is: 'The local French legislation introduced in 1855, barring high-end chateaux from enlarging their vineyards, hence limiting production' – although a nice idea this is complete rubbish as no such legislation was introduced in France in 1855 nor subsequently. Indeed Bordeaux châteaux can increase or decrease their size as they wish. However, the situation is different in Burgundy where the vineyards rather than the properties are classified, so areas are fixed.
1855 Fine Wine Investments Ltd claims to have developed 'trading models for illiquid wine assets'. I thought the whole point of wine investment was to invest in a 'liquid' asset that could be sold not one you can't sell!
Although as far as I know 1855 Fine Wine Investments Ltd has no connection with 1855 – the French internet wine Ponzi scheme, I still wouldn't consider buying wine from this company.
Details from Companies House: founded 3.11.2011
Why investing in wine: 1855 legislation claim
'trading models for illiquid wine assets'