Wine Collecting
Château Margaux, a
first growth from the Bordeaux region of France, is
highly collectible. At the highest end, rare, super-premium wines are
amongst the most expensive of all food, and outstanding vintages from
the best vineyards may sell for thousands of dollars per bottle. Such
wines are considered by some as Veblen goods. The most common wines
purchased for investment include Bordeaux, cult wines and Port. The
reasons for these choices over thousands of other products and regions
are:
- They have a proven track record of holding well
over time.
- Their plateau drinking window (the period for
maturity and approachability) is of many, many years, when the taster
will be able to enjoy the wine at its best.
- There is a record of quality and consensus amongst
experts as to the uniqueness of the wines.
Investment in fine wine has attracted fraudsters who
play on fine wine's exclusive image and their clients' ignorance of this
sector of the wine market.[43] Wine fraud scams often work by charging
excessively high prices for the wine, while representing that it is a
sound investment unaffected by economic cycles. Like any investment,
proper research is essential before investing. False labeling is another
dishonest practice commonly used.
Wine Production |