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Wine News
by Carol Bancroft on January 16, 2008

From Newsday:
Wine is so hot, with demand growing from new wealth centers and palates in China and Russia, that the prices of even some second-tier wines are rising at rates that make the dow jones industrial average look as if it's measuring the performance of low-risk municipal bonds.Site like Vinfolio target wine investors and allow them to keep track of their wine cellars using Vinfolio's software (called VinCellarâ„¢) for free. There's also a blog that gives wine collecting advice - it's called (aptly enough) The Wine Collector. I admit that I've been bitten by the wine investment bug. No, I don't have a cellar worth thousands of dollars (not by any means, though I wish that were true!), but my husband and I have picked up a bottle here and a bottle there mainly for their values. What about you? Do you have any investment wines? Do you think investing in wine is too risky, or is it worthwhile?
The jump in prices is causing collectors to liquidate parts of their cellars. There are wine investment funds, and there is even an electronic trading exchange in London for fine wine. It's up 39 percent this year, trailing gains in oil by only 7 points.
For many, all this sounds too much like the legendary - and popped - tech bubble that cost investors millions of dollars earlier this decade. For others, who don't see demand ebbing any time soon, wine has become a surprising, though highly risky, way to produce returns from an urbane hobby.
Permalink: Investing in Wines
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/110437
Mr Wong
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Rating: 6.67 out of 3 vote(s) cast.
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Response from:
Jeff Cleveland
(01/16/08 2:06pm)
Haven't gotten bit by the investing bug yet. I want to drink them to see what good wine is like! Maybe someday. What wines do you tend to go for when thinking of investments?
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