
When Gordon first put his toe in the water, investing in fine wines, he placed himself squarely in the hands of Robert Lench, MD of Bordeaux Wine Investments Ltd.
"I enjoyed wine", said Gordon "but I knew nothing about the potential earnings that could be made from it, ultimately I was thrilled with the results".
Like many self-employed business people Gordon, who has run a number of businesses in the acoustic walling sector, had a limited pension, and investing in wine offered an opportunity to fill that gap quickly and effectively. Gordon's initial investment was £10,000, however when he saw the level of return he quickly comitted his early profits into purchasing more wine, followed by a further tranche of £32,880. "I have always enjoyed drinking wine", commented Gordon, "although I am often as happy with a £10 bottle, as with an £80 bottle".
Gordon's other interest is horse racing, which he follows with a passion. "I once did a round trip of 200 miles in the Copper Belt of Zambia, because one of our secretaries, who was going out with a trainer, tipped some horses that were running. We bet on 8 horses and 7 of them came in with a win or place.
This became an excellent means of making money, until she had a huge row with her boyfriend and then we lost the lot. At least wine is not subject to the vagaries of young love!" said Gordon.
As with many clients, Gordon, enjoys investing in wines because the product, unlike financial investments such as stocks and bonds, is one which can be seen, touched, smelled, and tasted, and his purchases have sparked an interest in wine, which now matches his interest in the turf.
"My gold wedding anniversary is approaching rapidly, and I will have to make some more investments with BWI, if I am to buy my wife an appropriate gift for the event".
| Wine |
Purchase Price |
Sale Price |
|---|---|---|
|
Calon Segur |
£300.00 |
£380.04 |
|
Gruaud Larose |
£228.96 |
£249.96 |
|
Lafite Rothschild |
£2,000.00 |
£4,500.00 |
|
Latour |
£2,100.00 |
£4,700.04 |
|
Leoville Barton |
£360.00 |
£669.96 |
|
Leoville Poyferre |
£300.00 |
£669.96 |
|
Margaux |
£2,050.00 |
£3,999.96 |
|
Mouton Rothschild |
£1,600.00 |
£1,800.00 |
|
Pontet Canet |
£285.00 |
£339.96 |
|
Sociando Mallet |
£195.00 |
£219.96 |
|
Rieussec |
£260.00 |
£264.96 |
|
Total |
£9,678.96 |
£17,779.48 |
Purchases July 2004 – Sold May 2007
