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Wine Events
by Carol Bancroft on September 2, 2007

From Bloomberg.com:
"Fine-wine prices are not correlated with financial markets,'' Mahesh Kumar, author of "Wine Investment for Portfolio Diversification,'' explained in an e-mail.
As London's Liv-Ex August market report points out, ``prices are most closely correlated with the prosperity of the world's wealthiest wine lovers.'' The report predicts some reappraisal of risk, perhaps even selloffs, but not ``a rout.'' Kumar sees the prospect of a small price reduction only if global financial markets become even more volatile. Why? There is a finite supply of fine wine, while global demand is still increasing.
For a detailed list of what will be available, visit Wine Spectator online.
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