The Best Opportunity To Invest In Wine Is Now

It’s a pretty strange business, the wine game. It is essentially a luxury product and yet millions of bottles are produced each year.One wine may be 10 times as expensive as its cousin and wine popularity can be up and down like a roller-coaster. One thing is true though, there are a lot of people making a lot of money in the wine game and now is a pretty good time to get involved.

Fine wine prices have been rocketing upwards for many years now. As more refined production techniques and better storage capabilities allow for high class wines, so the prices for those wines continues to increase.The wine expert as Sotherby’s, Jamie Richie actually commented that “Prices had risen to nearly unsustainable levels last April”.Having said this, now that we find ourselves in a very weak economy, these fine wine prices are starting to come down to realistic levels. In March (2009) there was a decline in prices of around 1.2 percent according to Liv-Ex 100, the index that tracks the top 100 collectable wines.  This is trend that experts expect to continue for while and can in fact be seen throught the wine sector, from wine production to the sales of standard wine glasses.

A bottle of 1978 Montrachet Domaine Romanee-Conti recently sold at auction in Chicago for just under $4,000. That same bottle went up for sale at Sotheby’s a couple of year back for $23,929. This sharp decline means that if you’ve ever wanted to start your own wine collection, either for your own consumption or as an investment, it will soon be the right time.Experts agree that the wine sector will continue to drop until the end of this year when it will start to regain some power again.

Wine investment expert, Joss Fowler has some words of wisdom for doing well. He says that the best bet is still Red Bordeaux as this always ages well. On top of this, make sure you go for the top wines you can get for your money and always get the best vintage. Stick to this adage and you’ll be filling up your little champagne glasses sooner than you think.

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