Worth stashing a few bottles for 20 years or not worth the effort?

Thoughts????

Worth stashing a few bottles for 20 years or not worth the effort?

Thoughts????

Always worth it . For investment or drinking?

Very important that they be kept at a stable temperature of course. What hurts the wine is the wild temperature swings that can occur.

Building a bomb shelter in the 'bool? They make a good wine cellar until the apocalypse arrives.

Not for drinking mate.

Something to flog off when l retire, they tax the 5h!t out of my super and I'm broke.

Worth it???

Here's some historical financial details on Grange

 

http://www.wickman.net.au/Grange_FAQ.aspx

 

http://www.wickman.net.au/wine-investment-penfolds-grange.aspx

 

Summary view:

In summary, the investment potential of Penfolds Grange

From the mid 1950's through to the late 1990's, if you purchased the latest release Penfolds Grange from your local bottle shop at the Penfolds recommended retail price you could expect to make a tidy profit by reselling it within a few months and even more if it was a great vintage and you held it for a decade or two. That all changed when Penfolds upped the recommended retail price to the, then, current auction price.

Since then Penfolds have been steadily increasing the retail price until it now leads auction values. Now it has very limited investment potential unless you can purchase it less than the current auction market value or you can locate a new secondary market to sell into.

Whilst it is still possible to make some profit from buying and selling Penfolds Grange, you need to be very careful about the provenance and do your homework about its on-sale potential before you commit to purchase.

depends on the vagaries of reselling, auction houses will take 30%, collectors will expect provinence and cellaring records, depends if you think the chinese are still going to be buying grange in 20 years time.

Every bottle of Grange is gonna cost you about five hunge on average for a keeper. Five hunge ='s how many bank shares?

 

In the last 25 years have people with bank shares gone backwards or forwards?

 

Are people who are born deaf or become deaf for whatever reasons going to be swayed by the option of a cochlear implant ? In most cases they will.

All parents of deaf kids will as parents chose to have them implanted as will people given the option for whatever reasons(accident, ect ect)

Rock solid patent, very very good share price and has been for yonks, no idea of the p/e ratio.

 

These things don't need a cellar that's temp controlled. 

 

Your in W/bool; How is unemployment there, is it like most other rural towns quite high?

Does the local real estate mongrels have a constant need for rental properties and does the local real estate value sit way below the national average?

Like borrow 240- 320K and rent the flat/duplex/house out for $240-$295 a week and let them pay your loan off at interest only over 5 year fixed.

 

If you can afford to pay off TADS  and the other esotoric gear you've dabbled in then while your able to earn good bucks you should seek some good financial advice.

Geez you've probably wine+dined at many GTG's with guys who can help you. I know of a couple here on site who are finance guru's, total idiots with their gear choice mind you but smart chaps for all that.

With Australia's aging populace I reckon Medicare might be worth a dabble too.

Super is taxed at a flat rate of 15% unless your income is over $300k in which case they'll slap you with another 15% on money going in.

 

Hard to beat if you earn less than $300k

Every bottle of Grange is gonna cost you about five hunge on average for a keeper. Five hunge ='s how many bank shares?

 

In the last 25 years have people with bank shares gone backwards or forwards?

 

Are people who are born deaf or become deaf for whatever reasons going to be swayed by the option of a cochlear implant ? In most cases they will.

All parents of deaf kids will as parents chose to have them implanted as will people given the option for whatever reasons(accident, ect ect)

Rock solid patent, very very good share price and has been for yonks, no idea of the p/e ratio.

 

These things don't need a cellar that's temp controlled. 

 

Your in W/bool; How is unemployment there, is it like most other rural towns quite high?

Does the local real estate mongrels have a constant need for rental properties and does the local real estate value sit way below the national average?

Like borrow 240- 320K and rent the flat/duplex/house out for $240-$295 a week and let them pay your loan off at interest only over 5 year fixed.

 

If you can afford to pay off TADS  and the other esotoric gear you've dabbled in then while your able to earn good bucks you should seek some good financial advice.

Geez you've probably wine+dined at many GTG's with guys who can help you. I know of a couple here on site who are finance guru's, total idiots with their gear choice mind you but smart chaps for all that

Ah, didn't realise l should have been attending GTG's with the intention of sniffing out financial planners and then talking work to them.

Guess I'm destined for failure.

Super is taxed at a flat rate of 15% unless your income is over $300k in which case they'll slap you with another 15% on money going in.

 

Hard to beat if you earn less than $300k

15% for now, in 25 years time when/if l claim it who knows how much tax i'll pay.

By the way, I already salary sacrifice but only 2.5%, don't want to go exceed the tax-free threshold.

Edited October 25, 201411 yr by yamaha_man

2010 grange already retails at around $1k.

hindsight is a wonderful thing though.

it is reportedly a great vintage.

You could of course take a punt on artwork or buy a Phase 11 or 111

or some sealed original pressing copies of the stone's, 'down by the way'

or a 996 911 gt3.

would thay be as good of an investment in the long term though as a Ho?

nobody can say, but prices are at lowest level ever.

haven't been looking at ho prices lately, so don't know where they are at, but they were quite lofty a while back.

If you had 10-20 doz, in unopened boxes, with a temperature controlled cellar, and you are known to the auction houses (e.g. Langtons) then it might be worth a punt at getting back your purchase price in 10 years time.

I used to have a decent collection of wine - not Grange but a good 30-40 dozen bottles of higher end Aussie reds.

After years of storage costs I'm not sure I did better than break even on them.

In the end I flogged 'em and bought my zingalis

I think the only people making money out of Grange are Penfolds and the wise people who bought it for $50-$80 a bottle years ago and have stored it properly.

The last bottle I bought cost me $275 and I plan on drinking that one day, not selling it.

I used to have a decent collection of wine - not Grange but a good 30-40 dozen bottles of higher end Aussie reds.After years of storage costs I'm not sure I did better than break even on them.In the end I flogged 'em and bought my zingalis

Your telling fibs now... you and @@djb necked em I bet.

I'd remember that .... Wouldn't I ?

I'd remember that .... Wouldn't I ?

 

Remember what?

would thay be as good of an investment in the long term though as a Ho?

If you are talking about a GTHO then the prices have fluctuated wildly. They are worth fair less now than a few years ago .

You could of course take a punt on artwork or buy a Phase 11 or 111

Yes,something by that fan of George Dubya,Tim Storrier.He should have fallen off the twig in 20 years time and his artwork will be worth quite a bit.

Amongst a fairly reasonable wine cellar, I have a bottle (just the one) of Grange 1996 which by all accounts wasn't a bad year, "donated" $750 at a charity bash so could offset the tax as a charitable contribution, so the total cost to me currently would be around $450. It has been in my vintech cellar ever since. Even at that I would probably be struggling to make anything like a decent profit. So sod it, I am going to drink it, before I snuff it and some other grubby bugger gets their hands on it. The risk with wine is it might still taste like stewed tea!! (I doubt it but its a risk). Or I'll trade it towards some hifi gear and at least i'll get longer lasting enjoyment from it.

 

I think investment in classic cars or artwork has some limited potential (although less than previously) and at least you can get visual enjoyment whilst they appreciate or depreciate in value. i thought property was good too, but bought in the wrong sector (North Queensland holiday market) and that too is currently flat lining in terms of performance. I am just glad for negative gearing.

 

So by now you'll guess that I am not a financial advisor, and just a general peasant bod

Edited January 9, 201511 yr by cookster