The nuts and bolts of wine investment

I WOULD like to return to the subject of wine investment for this week's column, especially as a friend of mine has uncovered what looks like a scam.

My wine investments came about somewhat fortuitously. Interest in wine had led me to the Bordeaux 1982 en primeur campaign through my subscription to the highly respected Decanter magazine in early 1983. The March-June issues of that year were full of the Bordeaux 1982 vintage which was proclaimed as we now know was a very great vintage. And of course I could not resist buying.

With en primeur prices of Lafite, Latour and the like at £240 (about S$900 at that time) per case and Petrus at £500 per case (expensive at the time) I had no choice but to buy. In fact, I should have bought more!