Fine wines can make a good, relatively low risk long-term investment.  However as with all types of business, there are rogue wine traders who are intent on conning people out of their money. 

Before you commit to any payment, make sure you are dealing with an honest, reputable business with a successful track record in the trade

Before parting with your money, you need to understand exactly what wine you are purchasing and that you are making a sound investment.

Make sure you are clear what commission, charges and additional taxes you will have to pay on your fine wine purchases.

How you store and manage your wine purchase is crucial to its future value. Whilst you can keep fine wines in your own cellar, wine bought for investment is usually stored professionally, either in your own warehouse account or in a merchant’s customer reserves.

Beware of businesses that use aggressive sales tactics or make unrealistic-sounding claims about the returns you could expect to see on your wines.    As always, if an offer seems too good to be true, it usually is.