Steve Bachmann
Steve Bachmann
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The Wine Collector

Practical wine collecting advice from Steve Bachmann, Vinfolio's CEO

 
23
Dec
2007

Why wine investing is a hot topic

Categories: Wine investment

Fine wine prices rose 39% in 2007 according to the Liv-ex 100 index, second only to oil (see Decanter.com story).

Investment returns of this magnitude are high enough to get the attention of even "unintentional" wine investors.  There are a variety of reasons causing wine prices to rise (see my September post as well as Eric Asimov's December 5, 2007 story in the New York Times titled "Drink and Be Merry: Wine Prices to Rise").

Rising global demand vs. a weak U.S. dollar 

Rising global demand (especially from Asian countries) is the main factor driving wine prices higher. The weak dollar may be contributing partially to what Americans pay for wine from Europe, but the dollar has only depreciated against the Euro by 9.2% in 2007 and a total of 15.2% since January 2004.

 P.S.   If you'd like to read all my prior posts on wine investing, click here.

2 comments:

I'm looking into buying a bottle of wine on the day my daughter is born. Saving it. And drinking it with her on her 21st birthday. The problem is finding wine that will keep that long before turning. Is there such a thing, or should I be looking into something else? I'm looking for wine types and/or specific bottles.

Posted by Eric Lynch at Monday May 26, 2008

Virtually any vintage port and many Sauternes will keep that long or longer.

Posted by David at Tuesday September 23, 2008






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