10 WINE COLLECTING TIPS FOR BUDDING WINE COLLECTORS
The thought of
spending inordinate amounts of money on a wine collection might seem a little
crazy to those of us who get excited about spending the cash for a special $60
bottle of Napa Cabernet once in a while. But we still collect in our own modest
way and, in truth, there are many out there, quietly squirreling away one or
two prized bottles at a time for growing collections.
For those of us with
limitations (like budgets and available storage space), starting a wine
collection isn’t really about finding the perfect resting spot for prized
bottles of obscenely costly auction wines. It’s about figuring out what we like
enough to want to buy a bottle, even a case or two, to put away for a special
day. A wine collection is about “going deep” and buying not just a single
vintage, but multiple years of a winemaker’s best wines; and it’s about
creating a cellar (or just a nice closet full) of wines that you want to enjoy
for years.
1. Decide on a Budget
Decide how much you can spend on this hobby. This is not always an easy thing. Telling someone how much to put aside to start their wine collection is like telling them how much they should spend on their first car. However, aspiring collectors may be surprised to know that as little as $300 or $400 can be enough to buy some excellent bottles that will last for the next 20 years. For more flexibility, a great starting place is about $1,000. If you’ve just broken into a cold sweat, don’t worry! You can spread out the spending over months or even years.
Decide how much you can spend on this hobby. This is not always an easy thing. Telling someone how much to put aside to start their wine collection is like telling them how much they should spend on their first car. However, aspiring collectors may be surprised to know that as little as $300 or $400 can be enough to buy some excellent bottles that will last for the next 20 years. For more flexibility, a great starting place is about $1,000. If you’ve just broken into a cold sweat, don’t worry! You can spread out the spending over months or even years.
You’ll likely spend
more on some bottles that are highly collectible, but wine there are plenty of
great values in the $25 to $30 range. Good California cabernets, not cults, are
available in that range, as are Argentine Malbecs, a few Oregon and New Zealand
Pinot Noirs and Washington State Merlots. French Bordeaux dubbed ‘cru
bourgeois’ are great deals too. With $1,000 you can really do some nice things.
2. Buy What You Like
Having a wine collection is about enjoying your wine. Think about which wines you like to drink. Are they Old World wines, like those from traditional regions in Bordeaux, Burgundy or Italy, or do you enjoy bright, fruity New World wines from California or Australia? Ideally your collection should be varied, but to start, stock what you most enjoy. Keep in mind that Old World wines often are made to be aged. New World wines, while sometimes made for aging, are often best enjoyed within three to seven years.
Having a wine collection is about enjoying your wine. Think about which wines you like to drink. Are they Old World wines, like those from traditional regions in Bordeaux, Burgundy or Italy, or do you enjoy bright, fruity New World wines from California or Australia? Ideally your collection should be varied, but to start, stock what you most enjoy. Keep in mind that Old World wines often are made to be aged. New World wines, while sometimes made for aging, are often best enjoyed within three to seven years.
Also think about
whether you’re a white or red person. A few white wines, some Sauternes and
Gewürztraminers, will age for a decade or more, but whites don’t typically age
as long as reds, which can take decades to reach full potential. In your
collection, generally think reds for long-term storage and whites for
short-term drinking.
3. Professional
Refrigeration Isn’t for Everyone
Do you want to collect for fun or investment? If it’s just about having some nice wine to pair with dinners or share with friends, without long term cellaring, you probably won’t need to invest in heavy duty refrigeration or a storage locker. If you plan to cellar for years, or possibly sell your bottles down the line, you’ll need to make sure you’re storing the wine at its optimum temperature: a constant 55 degrees. Wine likes to be stored at a cool temperature. Fifty five degrees allows a wine to develop and age gracefully. Too cool slows down the aging process; too warm makes for a short life span. But the most critical factor is that a wine is kept at a constant temperature; spikes and fluctuations are what kill wines prematurely.
Do you want to collect for fun or investment? If it’s just about having some nice wine to pair with dinners or share with friends, without long term cellaring, you probably won’t need to invest in heavy duty refrigeration or a storage locker. If you plan to cellar for years, or possibly sell your bottles down the line, you’ll need to make sure you’re storing the wine at its optimum temperature: a constant 55 degrees. Wine likes to be stored at a cool temperature. Fifty five degrees allows a wine to develop and age gracefully. Too cool slows down the aging process; too warm makes for a short life span. But the most critical factor is that a wine is kept at a constant temperature; spikes and fluctuations are what kill wines prematurely.
If you’re serious
about long-term storage for a large quantity of wine, consider a wine storage
locker. Small units start at about $40 a month, and your wine will be professionally
maintained. The drawback is that there are no last minute trips to the cellar.
You’ll have to plan ahead, because most keep business hours. You can find a
list of storage lockers in several states online.
4. Storage, Storage,
Storage
Before you buy that first bottle, you need to figure out where you’re going to store your stash. A good rule of thumb is to estimate the number of bottles you plan to collect, and then multiply that by three. Often a basement will maintain the steady temperature your wines will need, though you should take some temperature readings at different times of the day to be safe. Whatever you do, never put your wine on top of the refrigerator or above the stove or laundry area, where heat and vibration will wreak havoc on your collection. Humidity’s also a factor. If a space is too dry, the cork will dry out and ruin the wine.
Before you buy that first bottle, you need to figure out where you’re going to store your stash. A good rule of thumb is to estimate the number of bottles you plan to collect, and then multiply that by three. Often a basement will maintain the steady temperature your wines will need, though you should take some temperature readings at different times of the day to be safe. Whatever you do, never put your wine on top of the refrigerator or above the stove or laundry area, where heat and vibration will wreak havoc on your collection. Humidity’s also a factor. If a space is too dry, the cork will dry out and ruin the wine.
Purchase some
inexpensive wine racks or build your own. There are several reasonably priced
kits available. You may also want to buy a small refrigeration unit for your
kitchen to store bottles you want to serve.
5. Ready, Set, Taste
You’re almost ready to start buying. Almost. The next step is to taste to see what you like. If you live in a region with tasting rooms (and wines you want to collect), make an appointment with the winemaker or go to public barrel tastings to see how the wines are shaping up. If not, local wine stores usually offer tastings where you can sample their wares. Avoid buying wine based merely on scores or tasting notes because they’re based on someone else’s palate, not yours. It’s a starting point, but certainly not an end all.
You’re almost ready to start buying. Almost. The next step is to taste to see what you like. If you live in a region with tasting rooms (and wines you want to collect), make an appointment with the winemaker or go to public barrel tastings to see how the wines are shaping up. If not, local wine stores usually offer tastings where you can sample their wares. Avoid buying wine based merely on scores or tasting notes because they’re based on someone else’s palate, not yours. It’s a starting point, but certainly not an end all.
If you find a winery
you really love, joining its wine club or mailing list is sometimes a good
value. But proceed with caution. Unless you are totally committed and want
multiple vintages, you can sometimes get stuck with clunkers.
6. Triple Up on Favorites
The price of a case of wine can sometimes be prohibitive for new collectors, ranging from a few hundred to nearly $1,000. But here’s why cases are good if you can afford them. Knowing the perfect moment to open a bottle of wine can be a tricky thing. If you open it too early it might not show well. If it’s too late, it might have lost fruit and character. If you have a case, you can try a favorite wine over the span of its life. An alternative, if you can’t afford a case, is to buy three or four bottles at a time.
7. Find the Deals
Here’s where winery clubs or mailing lists come in handy. Before wines are bottled, wineries often offer discounted “futures,” selling their upcoming vintages at 10 percent or 20 percent below the final bottle cost. If you’re willing to take a chance on a wine, not knowing its true bottled character, this can be a great deal.
6. Triple Up on Favorites
The price of a case of wine can sometimes be prohibitive for new collectors, ranging from a few hundred to nearly $1,000. But here’s why cases are good if you can afford them. Knowing the perfect moment to open a bottle of wine can be a tricky thing. If you open it too early it might not show well. If it’s too late, it might have lost fruit and character. If you have a case, you can try a favorite wine over the span of its life. An alternative, if you can’t afford a case, is to buy three or four bottles at a time.
7. Find the Deals
Here’s where winery clubs or mailing lists come in handy. Before wines are bottled, wineries often offer discounted “futures,” selling their upcoming vintages at 10 percent or 20 percent below the final bottle cost. If you’re willing to take a chance on a wine, not knowing its true bottled character, this can be a great deal.
Local wine auctions
and the Internet can also be a source of great values, but be wary; you can’t
always be sure how the wine was handled (if it got too warm or the cork was
jostled) when ordering from folk you’ve never met.
8. Go Deep
True collectors want to show breadth and diversity in their assemblage. Try to gather multiple vintages of a single wine (like the ’97 through ’01 Caymus) to see how a wine develops over time, through different winemakers, growing conditions and hang time. Yes, you’ll annoy your friends with your encyclopedic knowledge of a single vineyard or wine, but if you’re a collector, they’ll understand.
True collectors want to show breadth and diversity in their assemblage. Try to gather multiple vintages of a single wine (like the ’97 through ’01 Caymus) to see how a wine develops over time, through different winemakers, growing conditions and hang time. Yes, you’ll annoy your friends with your encyclopedic knowledge of a single vineyard or wine, but if you’re a collector, they’ll understand.
9. Think Twice About
Trophies
The crowning jewels of any collection are rare, hard to find trophy wines. Their appeal comes from incredible care in cultivation and bottling, limited availability or the star status of the winemakers (sometimes above all else). These are wines that collectors are willing to spend anywhere from a few hundred to a few thousand dollars for.
The crowning jewels of any collection are rare, hard to find trophy wines. Their appeal comes from incredible care in cultivation and bottling, limited availability or the star status of the winemakers (sometimes above all else). These are wines that collectors are willing to spend anywhere from a few hundred to a few thousand dollars for.
In California,
Screaming Eagle, which is almost impossible to acquire, and if you do get it,
insanely expensive is a good example of a trophy wine. But you don’t have to
think that big. Wineries like Williams Selyem or Colgin Cellars are also
considered trophy wines. You may have to wait several years to get a bottle,
but it will be worth the wait.
10. Keep Learning
Remember that the fun in collecting isn’t just the purchase, but everything leading up to it. Do the research, read reviews and books, taste, talk and ask questions. When you do end up pouring that first glass from your newly created collection, you’ll enjoy it all the more, whether it’s a $10 chardonnay or a rare German Riesling, because you put the time and effort into finding it.
Remember that the fun in collecting isn’t just the purchase, but everything leading up to it. Do the research, read reviews and books, taste, talk and ask questions. When you do end up pouring that first glass from your newly created collection, you’ll enjoy it all the more, whether it’s a $10 chardonnay or a rare German Riesling, because you put the time and effort into finding it.
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