Wednesday, 20 October 2010
Amid the frightening news that various companies selling wine en primeur for investment, seem only to have ever had one case of wine between them all although their turnover was £2.5m! it is comforting to note that a national fraud line has been set up (to include wine). With some of the eye watering prices asked - and seemingly paid - for 2009 Bordeaux (which, let us remember, is still in the barrel at the Château) wine for investment is probably very attractive to crooks in that it involves large amounts of money for something which, even when bought legitimately, takes about two years to deliver. And as the market in the past has been remunerative for genuine investors, people still think wine will bridge the recession. But, even if we avoid the crooks, with low inflation it may be may difficult to avoid making a loss this time round. And if you wait too long, eventually it all ends up as vinegar.... So, now particularly, proceed with care, as the Constable might say. - Oh and that fraudline number is 03000 123 2040.