Subscriber login Close [x]
remember me
You are not logged in.

WSTA launches wine investment guide

Published:  11 November, 2011

The Wines and Spirit Trade Association WSTA, has launched a wine investment guide to help consumers investing in fine wine.

The guide also aids wine buyers make the right checks before they part with their money to help avoid fraudsters, particularly in relation to en primeur.

To help consumers ensure they don't become victims of fraud the guide recommends:

*Choosing a reputable wine merchant, checking their trading history, track record and address.

* Verifying orders by comparing prices, checking provenance, condition of storage, packaging and delivery.

* Looking after your investment, ensuring wine is securely stored in the right conditions and fully covered by insurance.

* Understanding the small print, including tax on investment, commission and handling fees and the paperwork you'll receive covering your purchase.

WSTA chief executive, Jeremy Beadles, said: "Buying fine wine is a pleasure and can be a profitable one but as with any type of investment it makes sense to take some precautions before you part with your cash.

"Our website guide provides some simple tips to follow to ensure you don't get caught out. Making some basic checks about the company you're dealing with and its track record is a good place to start."

The WSTA guide, available online at

Anyone who thinks they may have been a victim of fraud when buying fine wine should contact the WSTA Fraud Prevention Unit or report it to Action Fraud