Media
Date: Jul 19, 2012
Media Source: Morningstar Canada
Title: Buy, hold and savour. Smart tips for building a wine portfolio.
Summary: A wine aficionado for 15 years, Sandy Ward admits that it's difficult to distinguish between a $500 bottle of second-growth Bordeaux and a $50 bottle of fifth-growth Bordeaux.
"But I do know that certain wines will taste better in five years -- and cost more," says Ward, the Toronto-based founder and CEO of HomeZilla, a one-stop information website for Canadian homebuyers. "For instance, the 2005 Pavilion Rouge is probably $200 a bottle -- although I paid $85 when it was released. By putting these bottles in my cellar today, I'll be saving hundreds of dollars," says Ward over a glass of 2005 Chateau Beaumont, a silky smooth red wine from the Haut-Medoc region.
"Wine is very delicate, particularly fine wine," says O'Brien. "If you want to destroy your investment, you put it in an inappropriate facility -- under your stairs or a closet -- and it will deteriorate fairly quickly. That's why you need to have appropriate storage."
An investment in storage pays off, adds O'Brien, should you decide to sell some of your wine at....