I'm not sure if this is sensible or not. I have been building a (very) modest collection of wine for five years now. To date I have been treating the wine purchases as a hobby (or an investment in future drinking) and have kept the amounts involved quite small. However, the reality is that I will be very unlikely to drink all of what I have been buying. So far I have been treating my wine purchases as an expense and do not include their value in my balance sheet.
The value of my wines (quoted in GBP) has appreciated, although not by enough to get excited about. The currency factor has also worked in my favour. While the initial focus was on wines which were intended ultimately be drunk, I am giving serious consideration to purchasing some of the more expensive wines for investment purposes. My expectations in terms of returns would be modest - although I am not sure how easy it would be to quantify those expectations. Also, the amount of the investment would be low - wine would not be a core investment.
Is this a good idea?