Do you know the value of your cellar?
Upon release, a bottle of 1995 Screaming Eagle Cabernet Sauvignon cost $125 at the winery. In December 2016 that same bottle sold at Christie’s NY for $2,940!
There are many reasons for restaurants, hotels and collectors to know the value of their wine collection. A proper value ensures that you will be adequately compensated in the event of a covered loss. But insurance isn’t the only reason to know the value. From selling or purchasing bottles, to charitable contributions, relocation, bankruptcy, estate taxes, estate planning, prenuptial agreements, divorce, damage claims or business valuation, current value allows you and your other investment, tax and legal advisers to make more informed decisions. A number of values can be investigated depending on the intended use of the appraisal. Market Value, Fair Market Value, Replacement Cost, Liquidation Value, Salvage Value, Net Value, among others, can be determined.
Contact me today for a free telephone consultation!