Wine Appraisal
If it can be said that wine tasting is subjective, it probably follows that the monetary value of wine is even more subjective. Whether it’s the price of a single bottle, an auction lot, or an entire collection, the estimated value of that wine becomes one of the most important factors in determining its intrinsic value to a buyer, collector or investor. For most wines, wine enthusiasts usually make their own decisions about a wine’s perceived value. But, when thousands of dollars are on the line, often a professional wine appraiser is consulted.
Wine appraisers are experts who help wine lovers protect their wine collections by inventorying them and giving them value, often an essential need if wine collections are insured. Appraisals are also often necessary for purposes of charity donations, damage claims, divorce settlements, estate planning, and/or liquid investment.
Join us as we speak with Martin Weiner, owner of Vintage Wine Appraisers, as well as founder of the Los Angeles School of Wines, editor and publisher of Martin’s Guide to Wine Bargains, and wine editor of Beverage Industry News. An author, correspondent, and lecturer, Martin has extensive experience in appraising wines. We’ll hear just a few examples of why and how this valuable service can be used to determine a wine’s true market value.
For More Information: www.vintagewineenterprises.com
Sponsor: Hearts Delight Wine Auction: www.heartsdelightwineauction.org
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I’ve attended numerous events at Martin’s during the last decade and had the pleasure of tasting some amazing wines from Bordeaux, Burgundy, Italy, Spain that I had no chance of purchasing or even finding. Although the events run to several hundred dollars they are a fraction of the cost of a single great bottle and much lower risk. With 16 to 18 wines, there are one or two disappointments but at least a few that are worth the price of admission. The ’89 LaTache, ’22 Lafites and ’01 Massto come to mind. Martin is a true gentleman and a very gracious host. I met some pretty terrific people through the years, including one that worked for the same company. We discivered each other and have become good friends. Very enjoyable interview!
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This was an interesting program. The tip on ullage of a mature wine is very helpful. Regarding insurance, my experience was that any carrier that would insure my wine wanted my house as a condition of covering the wine, including Chubb. State Farm, who covers my house, offers what is called a personal articles policy, which covers my wine. It is a separate policy with its own policy number and annual premium of about $5.50/$1,000 of coverage. They write similar policies on other collectibles…artwork, guns, etc. The wine cabinets and cooling systems are covered under my regular homeowner policy with the standard deductible. It’s only the wine itself that is covered under the personal articles policy. I think there are companies in some states that offer standalone policies on wine cellars, but apparently not in my part of the country. What is clear is that regular homeowner policies generally do not cover your wine. Thanks again, GrapeRadio, for great programs that are interesting and useful to all us winegeeks.