Premium Wine Predictions
Sotheby’s had a record-setting year in 2018 and predicts that those who want to buy fine wine will continue to open their wallets in the coming year. The “Transcendent” sale in March should be a strong start--a single cellar collection of 16, 889 bottles will be put up for auction. Sotheby’s head, Jamie Ritchie acknowledges the thirst for Bordeaux and Burgundy has been driving the market but cites growing demand for Rhône and Champagne too. Furthermore, the fact is that wine is something people love to drink. The economy may change but Ritchie predicts that wine lovers will continue to put their money where their mouth is—or rather where their thirst is.