I’ve said it before — I only drink water, tea and wine. I still haven’t thrown my wine tasting party but I plan on doing it in the fall when all the summer craziness dies down. Jay and I belong to a wine club, which helps us out when we want to try something new.
Speaking of wine — I’ve had Gary Vaynerchuck guest post before — he’s a wacky wine guru and social media ninja. If you want to know anything about either of those topics — Gary is your man. I have to confess that Pinot Grigio is still my go-to wine. I know, I know — Gary is going to yell at me again. But what can I say — I’m a creature of habit!
I’ve never thought about collecting wine as a hobby simply because I drink it too quickly to collect it. But it sounds cool enough. Here’s Gary’s list for collecting vintage wines.
- Wine collecting is one of the most profitable ways to invest. If you buy at the right time, there’s some serious return if you hold on to some of the most highly collectible wines out there.
- If you’re keeping wine for the long term, it’s absolutely imperative to keep the wines in a cellar environment (55 degrees Fahrenheit and 75% humidity). When you’re reselling wine, the location where it was stored makes or breaks the value.
- What makes a wine collectible? Pedigree of winery/vineyards, score, and vintage.
- If you’re cellaring for yourself instead of pure investment, know what you like! It’s the most crucial point to enjoying wine, just like food. Don’t be ashamed if you like sweeter wines or only like whites. There are a ton of great and age worthy wines in other categories than reds.
- It’s always a good idea to include ‘cellar defenders’, that is nice wines that can be drunk on the shorter term and will also save some of the most prized bottles in your collection if you have guests over. No need to open up that bottle of ’82 Lafite when you can have a drink now Bordeaux!
Gary Vaynerchuk is the New York Times bestselling author of “Thank You Economy” and “Crush It.” He’s also the founder of DailyGrape.com where he tastes several wines a day and tells you exactly what he thinks! He also recently launched a DailyGrape app.