As some stocks become a bargain in this depressed economy so are some of the finer wines of this world. The Liv-Ex 100 Fine Wine Index, which represents the price movement of 100 of the most sought-after fine wines, dropped 12.4 % in October, its greatest decrease yet, which puts wine prices at an 18-month low. Some of the most notably impacted are
Lafite Rothschild 2004 which is down 27.9% and Chateau Montrose 2003 which fell 23.1%. The wider range of the world's wines are not faring as badly as the Liv-Ex 500 reports only a drop 1.8% in October. On the plus side, this makes it a buyer's market and a good time for collectors and oenophiles alike to purchase the best at a lower price.
Reader Comments (Page 1 of 1)
Jack Nov 19th 2008 2:53AM
Also in Italy we have the same problem. In the area where I live, Mezzocorona - Trentino - famous for Teroldego, are removing the vines to plant apple trees. Another problem is that in the adjacent valley (Val di Non - Trentino - really close, about 2 miles) are organized for the production and handling of apples, and instead here (Mezzacorona) over the years have invested heavily in the production of quality wine. It's not that we do after the competition in house collapses and the market for apples?