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The Best Opportunity To Invest In Wine Is Now

The wine market is a funny thing. It is essentially a luxury product and yet millions of bottles are produced each year.One wine may be 10 times as expensive as its cousin and wine popularity can be up and down like a roller-coaster. 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.

The cost of picking up a good bottle has been rising quite quickly over the last few decades. As more refined production techniques and better storage capabilities allow for high class wines, so the prices for those wines continues to increase.The wine expert as Sotherby’s, Jamie Richie actually commented that “Prices had risen to nearly unsustainable levels last April”.However, the struggling market currently has lead to a very clear a drop in prices. In March (2009) there was a decline in prices of around 1.2 percent according to Liv-Ex 100, the index that tracks the top 100 collectable 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 everyday wine glasses.

At a recent auction in Chicago, a bottle of 1978 Montrachet Domaine Romanee-Conti sold for $3,783. That very same bottle sold at a Sotheby’s auction a few years ago for $23,929. This sharp decline means that if you’ve ever wanted to start your own wine collection, either for your own consumption or as an investment, it will soon be the right time.  Experts think that the market will be at its lowest point by the end of the year, after which it will start to pick up again slowly.

Here are some key pieces of advice from Joss Fowler, wine investment professional from Berry Bros & Rudd. He recommends that a very good bet is, and always has been, a Red Bordeaux as they age beautifully. Additionally, if you want your money to be safe, go for the highest quality wine you can afford and from the best vintage possible. Stay true to this rule and you’ll be filling up your little champagne flutes before too long.



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This entry was posted on Saturday, April 25th, 2009 at 10:38 am and is filed under Wines And Spirits. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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