Description
Increasingly wine has become a collectible commodity that is part of a robust secondary market. Wine is not a static asset and has the capacity to appreciate to the point where the current value of certain wines far exceeds their original purchase prices. Determining that one has a wine collection, issues with storage, record-keeping and valuation, and the wine asset warrants special attention. The seminar will help the attendee better understand the nature of the wine market, the methods for assessing the condition and value of wine, and some of the practical considerations and concerns surrounding insuring wine collections.
Learning Objectives
Attendees will be able to:
Recognize when a wine collection constitutes a significant asset
Understand valuation issues, including those specific to wine
Deal with a wine collection as part of a risk management plan
Understand the damage assessment process as it relates to wine collections
Know how to evaluate a wine appraisal