Winston Art Group recently shared a very thoughtful and well put together case study on an inherited wine collection. The case study illustrates why proper storage and care is critical to realizing value over the life of the collection.
This particular collection had been meticulously created over 30 years. That’s three decades of buying and collecting wines many of which were purchased directly from the Château or a trustworthy retailer. Upon purchase, each bottle of wine was stored in the collector’s cellar. This cellar, however, was not climate-controlled nor stored correctly.
After the death of the collector, the family put the collection up for sale. Shortly after they received a six-figure offer. When the collection was being vetted and prepared for shipment the buyer found bottles with tattered labels, low filled levels. Bottles were covered in dust, partially leaking or actively leaking. Some bottles looked to be stored correctly, but upon testing, those bottles proved to be undrinkable.
Wine can easily become undrinkable when it is exposed to changes in temperature and humidity. If bottles are stored upright instead of on their side their corks will dry out and the wine begins to evaporate. Think of the six crucial concerns of storing wine when setting up wine storage.
Due to the state of the collection, the six-figure offer was rescinded.
Luckily Winston Art Group was allowed to create a case study to share with their users and wine drinkers alike. Collectors should read it as a cautionary tale.
Visit Insure Your Wine to learn how we can help protect your collection.
To read the full case study visit, Winston Art Group.