Cost of Fine Wine Drops with Market
Filed under: Wine
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.
