Why Would Anyone Ever Pay $558,000 for a Bottle of Wine?

[dealmaker]

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https://twitter.com/x/status/1087113958014795777

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[Covertibility]

Thread reminded me of this article:
How Atomic Particles Helped Solve A Wine Fraud Mystery

 

[Sig]

On a slightly related topic....every time I see the limit of 2 bottles of wine on the customs declaration coming back to the U.S. I feel like there's gotta be an arbitrage opportunity given that a bottle of wine could be worth $5 or $500,000 but it's all the same to them.

 

[mlawson71]

Is there any kind of investment industry involved with that kind of wine, like there is with expensive art and antiques?

 

[dealmaker]

Is there any kind of investment industry involved with that kind of wine, like there is with expensive art and antiques?

WSJ editor Inyoung Hwang says "In a painful year for stocks, bonds & gold, investments in fine art and wine won out"

 

[mlawson71]

WSJ editor Inyoung Hwang says "In a painful year for stocks, bonds & gold, investments in fine art and wine won out"

Ha! I thought that may be the case.