Collecting fine wines is a lifelong passion for many people, but there are considerations that might not immediately come to mind when starting out or building a collection. In this episode, Marsh McLennan Agency Private Client Services President Pete Walther welcomes Brian Ward, Director of Wine and Spirits for Winston Art Group. They talk about how COVID-19 affected the collector wine market, current trends and changes brought about by the new generation of collectors, and helpful tips on starting and maintaining a collection.
Brian's top pieces of advice for both seasoned collectors and new enthusiasts:
Collect what you love.
Consider where you have traveled and what you have enjoyed while visiting.
Heat is the enemy of collections; consider professional, offsite climate-controlled storage.
Segment your collections for drinking, saving for special moments, and resale investment.
Leverage new technology to better understand and track your collection.
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