You make a very valid point, there was a similar thread earlier on this subject, building a cellar for the future makes some sense when you are younger not so much as the years go by.
As well as your tastes changing and they do for most of us, there also comes a time when your cellar gets to that ‘collector’ phase in that you keep buying for an indeterminate future but don’t drink it.
As to investor, these days you have to have very deep pockets to be in the successful collector group, if you follow the Decanter liv-ex you will see from that and auctions that only the very best make any money worth talking about these days.
My unloading earlier this year of most of my in bond wines was proof of that, nearly all second tier Bordeaux cru wines from excellent vintages made hardly any profit and that was down to one Rhone wine and a Barolo the rest any profit was swallowed up by storage and insurance fees, which is why with my age EP is a dead duck.
The full case buying is also problematic as if it is EP you have no real idea what it will be like to drink in 20 years time, only the words of a critic who has tasted from cask ? and if you then open one and don’t like it that much you are lumbered with a very expensive wine and many wasted years plus those fees again unless you have your own cellar.
I still have well over 400 bottles in my cellar and that does not include everyday drinking which I purchase as and when, how many do you need unless you are going to drink these very good wines all the time, when I look at what I now have available there is more than enough variety and maturity to keep me going to the end.
And that of course is the tricky bit estimating when you are going to pop off so you can run your cellar down to zero, can’t be done of course but in an ideal world…
I have said it before wine is there to be enjoyed, far to much time can be spent analysing all the aspects, you will pick up most of what you need to know along the way, the specialist items can be gleaned from those who know with little effort, less planning less worrying and more drinking of the stuff is a much more sensible way to go.
I had a very good friend who now lives in Spain, he was a great imbiber of red wine wine mainly Bordeaux and Rioja, he would spend serious money on the wines he wanted to drink, but I doubt he ever had more than two dozen bottles at home, if he felt he needed something he went out and purchased it, he couldn’t despite being more than able to afford it be bothered with all that cellaring etc, he had a point.