I’ve been meaning to do a comment recap on my wine investing post from a few months ago. The comments on that post (all three of them!) were good and merited further discussion and rabble rousing. In the meantime, Eric Asimov has a recent piece in the New York Times on the benefits of a [...]
“How low is your net worth?” has become something of a recent social phenomenon. Just as people bragged about their (and their neighbors’) victories in the ballooing real estate market earlier this decade, people now almost celebrate how bad their 401(K) statements look. We’re at the point now where almost any story in any media [...]
This week, the mostly unheard of 2005 Quinta do Crasto Reserva landed at #3 on Wine Spectator’s top 100 wines of the year list. Demand has spiked and retailer’s phones have likely been ringing off the hook for the juice ever since the announcement (Something from Portugal that isn’t Port? I MUST drink it now!). [...]
Amid the news of bank seizures, declining real-estate, and congressional ordered bailouts, fine wine prices are on an absolute tear. Everyone is buying. Asians are buying. Russians are buying. All these new buyers are competing with the old buyers, because while prices are rising the old buyers are still buying. Buy buy buy. Prices of [...]
(This post has little to do with Maryland or Virginia. -ed) Production is down at Ye Olde Screaming Eagle Winery, and that can only mean one thing: prices are up. A 50% rise over last year is expected so those on the mailing list are going to fork up $750 per bottle for their allocation. [...]
As the stock market comes crashing down all around us, the best investments in your portfolio in 2008 may turn out to be the Lafite in your basement. You can drool over the fairy-tale-like returns of the Liv-ex here. Wine will continue to rise (though not at this stratospheric pace) for the next few years [...]
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