Anyone into collecting fine wine?
http://www.bloomberg.com/apps/news?pid=20601093&sid=aFUtq6vK0sXE&refer=home
http://www.bloomberg.com/apps/news?pid=20601093&sid=aFUtq6vK0sXE&refer=home
Fine wine as investment?
- Thread starter a529612
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No, but i heard of a guy who didnt exactly collect fine wine-he actually travelled around, and bought up what he thought would be nice down the track, for super cheap straight from the -the- vintners?
He had the lot stored at low cost in somebodies cellars, and actually lived in hotels.
No mortgage, few overheads, very tax deductable lifestyle-if he paid much tax, fine wine, at "nice" prices can be very much a cash sort of thing, from what i heard.
Sort of like the ivory or antique trade i guess.
Just because rich people want something, doesnt mean their going to pay RRP.
I gather he started out by fluking a discount pallette of something that, against all industry expectations, turned into a spectaular vintage, and went from there-i think his average turnaround was about 5-6 years though.
He had the lot stored at low cost in somebodies cellars, and actually lived in hotels.
No mortgage, few overheads, very tax deductable lifestyle-if he paid much tax, fine wine, at "nice" prices can be very much a cash sort of thing, from what i heard.
Sort of like the ivory or antique trade i guess.
Just because rich people want something, doesnt mean their going to pay RRP.
I gather he started out by fluking a discount pallette of something that, against all industry expectations, turned into a spectaular vintage, and went from there-i think his average turnaround was about 5-6 years though.
I've been buying up cases of Boone's Farm. I'm gonna make a killing on this stuff and retire rich! Surely this stuff will appreciate above $2 per bottle....
http://www.answers.com/topic/boone-s-farm
http://www.answers.com/topic/boone-s-farm
My wife took up this "hobby" last year...it s a lot of fun but when she buys 100 f-ing bottles of wine for a "tasting party" it gets a little expensive....especially when its 10 months later and their is still no party in site...but yeah, its awesome and i love seeing the look on her face when I pop the cork on an expensive bottle instead of the 15.00 variety she usually reserves for me
You might be a red neck - if you open your wine with a shoe.
http://video.bon-savoir.commentkonfait.com/video/comment-ouvrir-bouteille-vin-avec-chaussure/1644
http://video.bon-savoir.commentkonfait.com/video/comment-ouvrir-bouteille-vin-avec-chaussure/1644
how much will you pay for my 96 chateau lafite?
Sold a case of well cellar d '89 Château Pétrus about 3 years ago for $33K(net after auction commis). And I thought that a good deal then.
He made him ride on the high places of the earth, that he might eat the increase of the fields; and he made him to suck honey out of the rock, and oil out of the flinty rock :/ Butter of kine, and milk of sheep, with fat of lambs, and rams of the breed of Bashan, and goats, with the fat of kidneys of wheat; and thou didst drink the pure blood of the grape [!} :/
Fine Wines - 1787 Chateau Lafite
The price of the fine wines depend on multiple factors, including quality, which in turn depends on the weather, principally the amount of sunshine bestowed on the grapes. In Europe, 2000 and 2005 were excellent sunny years that produced wonderful vintages, as was 1787 apparently.
The price of fine wines also depends on the market conditions (fine wine market crashed in 2001 after a bubble but has since recovered), and of course the name of the Chateau.
There once was a time when French chateaux dominated the world's fine wines, and Premier or Grand Crus like Petrus of Pomerol, Cheval Blanc of Saint-Emilion, Lafite of Pauillac, Romanee-Conti of Bourgogne and Yquem of Sauterne still live up to their reputations.
But the French appellation hasn't changed for over two centuries, while many of the world's other producers have. Some Grands Crus ceased being Grand, retained their classification only by tradition and now face fierce competition from newcomers, including from Chile, Australia and USA.
The most expensive wine ever sold is the 1787 Chateau Lafite, originally bought by Thomas Jefferson in France. Jefferson's (see his initials on the bottle) 1787 Chateau Lafite sold in 1985 in London for $160,000, for collection of course, since even the finest wines turn into vinegar after a few decades.
The price of the fine wines depend on multiple factors, including quality, which in turn depends on the weather, principally the amount of sunshine bestowed on the grapes. In Europe, 2000 and 2005 were excellent sunny years that produced wonderful vintages, as was 1787 apparently.
The price of fine wines also depends on the market conditions (fine wine market crashed in 2001 after a bubble but has since recovered), and of course the name of the Chateau.
There once was a time when French chateaux dominated the world's fine wines, and Premier or Grand Crus like Petrus of Pomerol, Cheval Blanc of Saint-Emilion, Lafite of Pauillac, Romanee-Conti of Bourgogne and Yquem of Sauterne still live up to their reputations.
But the French appellation hasn't changed for over two centuries, while many of the world's other producers have. Some Grands Crus ceased being Grand, retained their classification only by tradition and now face fierce competition from newcomers, including from Chile, Australia and USA.
The most expensive wine ever sold is the 1787 Chateau Lafite, originally bought by Thomas Jefferson in France. Jefferson's (see his initials on the bottle) 1787 Chateau Lafite sold in 1985 in London for $160,000, for collection of course, since even the finest wines turn into vinegar after a few decades.