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Friday, 26 October 2012

Warning: don't swop your Lafite for carbon credits!

There is a new scam around: wine investors being told that the bottom has fallen out of the fine wine market, so it makes sense for you to sell you Lafite, Latour etc. for Carbon Credits. 

Actually it does not make any sense as your Lafite is always likely to be more valuable long-term, even if its value has fallen over the last 18 months or so, than a carbon credit that may well not be worth the paper it is printed on.  

I expect to be able to post more details soon.   

10 comments:

  1. That sounds like a great deal. Those Carbon Credit salesmen must be really nice to take a wine that has had the bottom fall out and exchange it for a better investment, while they suffer the clients loses on their shoulders.

    Now why would they do that?

    ReplyDelete
    Replies
    1. Offer to buy the Lafite at a knockdown price to help you get into a more profitable investment....?!

      Delete
  2. Carbon Credits? Doesn't even make any sense. Besides, auction prices for the 1982 Chateau Lafite Rothschild still look pretty high to me.

    https://truebottle.com/index.html?action=search&searchterms=1982+Chateau+Lafite+Rothschild&bottlesize=3&region=0&timeframe=6&excludeterms=carruades

    ReplyDelete
  3. have you heard of this company

    http://firstcapitalfinancial.co.uk/contact-information/

    they have the LIVEX sign but I do not think they are members

    ReplyDelete
  4. Directors First Capital

    DIRECTOR Appointed: 10/10/2011
    Occupation: DIRECTOR
    Company Number: 07802702
    Company Name: FIRST CAPITAL FINANCIAL LIMITED
    Active

    DIRECTOR Appointed: 17/02/2006
    Dissolved: 20/11/2007
    Occupation: DIRECTOR
    Company Number: 05713294
    Company Name: LAND DIRECT LIMITED
    Dissolved

    DIRECTOR Appointed: 05/05/2006
    Occupation: DIRECTOR
    Company Number: 05807325
    Company Name: NBH MEDIA LIMITED
    Active

    DIRECTOR Appointed: 10/10/2011
    Occupation: DIRECTOR
    Company Number: 07802702
    Company Name: FIRST CAPITAL FINANCIAL LIMITED
    Active

    DIRECTOR Appointed: 09/03/2001
    Dissolved: 27/01/2003
    Occupation: SALES MANAGER
    Company Number: 03981086
    Company Name: GET FREE LIMITED
    DIRECTOR Appointed: 04/11/2008
    Dissolved: 16/06/2010
    Occupation: MANAGER
    Company Number: 06740207
    Company Name: CRIME PREVENTION COMMISSION LTD
    Dissolved

    DIRECTOR Appointed: 29/03/2011
    Dissolved: 07/11/2012
    Occupation: SALES MANAGER
    Company Number: 07583102
    Company Name: DATA SALES SEVICES LTD
    Dissolved

    ReplyDelete
  5. great article on daily mailon wine crooks
    http://blogs.mirror.co.uk/investigations/2012/11/the-secrets-of-the-cold-callin.html#more

    ReplyDelete
  6. Thanks. It is an excellent piece.

    ReplyDelete
  7. Hi this is urgent
    It has come to my attention that Vinance are now in liquidation please let me know the state of play through your website

    ReplyDelete
  8. According to Companies House the company is still active, although it does take a little while for information to be processed.

    ReplyDelete
  9. Just had confirmation that Vinance is indeed in administration. See post here: http://investdrinks-blog.blogspot.com/2012/11/vinance-plc-in-administration.html

    ReplyDelete