It’s a pretty strange business, the wine game. It is essentially a luxury product and yet millions of bottles are produced each year. A wine might be worth than one 10 years older than it and the price can come down how one person thinks it taste. One thing is certain though, there is a lot of money to be made from wine and now is a better time than ever to invest.
Fine wine prices have been rocketing upwards for many years now. As more refined production techniques and better storage capabilities allow for high class wines, so the prices for those wines continues to increase.Jamie Richie, Sotherby’s resident fine wine expert stated that “Prices had risen to nearly unsustainable levels last spring”.However, the struggling market currently has lead to a very clear a drop in prices. This year in March there was a drop in prices of around 1.2% according to Liv-Ex 100, the tracking index for the top 100 collectible wines. This is trend that experts expect to continue for while and can in fact be seen throught the wine sector, from wine production to the sales of standard wine glasses.
Recently, at a Chicago auction a bottle of Montrachet Domaine Romanee-Cont (1978) went for $3,783. $23,929 was the price paid for that same wine only a couple of years previous at Sotherby’s auction. This sudden drop basically means that if you’ve ever had an urge to start collection yourself, either as an investment or just a hobby, the best deals are just around the corner.Many professionals in the area think that the market wont see and upward rise until at least the end of this year.
Wine investment expert, Joss Fowler has some words of wisdom for doing well. A Red Bordeaux is a pretty sound bet according to him, mainly because it very rarely ages badly. Also, always go for the best vintage and don’t scrimp on cost, get the best you can possibly. Stay true to this rule and you’ll be filling up your little champagne glasses before too long.
Post Footer automatically generated by Add Post Footer Plugin for wordpress.
Mail this postPopularity: 20% [?]



