Fine Wine Might Be One of the Safest Investments for Your Money

November 24, 2017

Fine wine might be one of the safest investments for your money for relatively modest amounts up front, liquid assets can deliver excellent returns when diversifying your portfolio.

At first glance, fine wine presents almost unlimited opportunities for passionate investors. While drinkers might balk at the $3,000 average price tag attached to a bottle of Pétrus, one of Bordeaux’s greatest reds, that sum is trivial beside the cost of a new Bugatti sports car, Patek Philippe watch, or Joan Miró painting. Compared to other collectibles, fine wine represents a relatively modest investment—one whose returns can be considerable.

“In the last few years, it has been the top wines from the best producers in great, mature vintages that have appreciated the most,” observes Jamie Ritchie, head of Sotheby’s global wine business. As prices for young wines soared at the beginning of the millennium, mature bottles increasingly looked like a compelling proposition—especially to a new generation of buyers eager to possess and experience fine wine’s reference points.

Red Burgundy has led the field by a significant margin, says Ritchie, as bottles of the region’s most coveted estates have multiplied in value. This appreciation has occurred with young wines as well as old. “The top 10 Burgundy reds have appreciated in value 16.8 percent in the past year, which is a frankly ridiculous rate of return,” reports Don Kavanagh, editor for Wine-Searcher, the wine world’s leading price database and search engine.

Continue reading: Robb Report





Also in News

Rare Wine Auctions Set New Records in the First Half of 2018
Rare Wine Auctions Set New Records in the First Half of 2018

July 24, 2018

Feverish demand for Burgundy and renewed interest in Port marked sales from New York to Hong Kong.

Continue Reading

What Makes Grand Cru Great
What Makes Grand Cru Great

July 19, 2018

Grand cru is usually translated to "great growth", though the long-winded "(product of) a great growing site" gives a clearer understanding of the meaning. Cru is the past participle of the verb croître, to grow. However, what this term means in practice in the French wine industry varies by region.

Continue Reading

Single bottle of Penfolds 1951 Grange sells for Australian wine high of $78,000 at auction
Single bottle of Penfolds 1951 Grange sells for Australian wine high of $78,000 at auction

June 25, 2018

IT’S the single most-expensive bottle of Australian wine ever sold and of course, it’s from one of the best winery regions in the world — South Australia.

A SINGLE bottle of the revered first vintage of Penfolds Grange, has smashed the record price paid for a bottle of Australian wine. 

Continue Reading