Wine Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.Anti-spam check. Do not fill this in! == Collecting == {{See also|Aging of wine|Investment wine|Storage of wine}} [[File:Margaux94 1.jpg|thumb|upright|[[Château Margaux]], a [[First Growth]] from the Bordeaux region of France, is highly collectible.]] Outstanding vintages from the best vineyards may sell for thousands of [[United States dollar|dollars]] per bottle, though the broader term "fine wine" covers those typically retailing in excess of US$30–50.<ref>For example, [[Berry Brothers & Rudd]], one of the world's largest dealers, start "fine wine" prices at about £25—in March 2009 with a wine from [[Au Bon Climat]] [http://www.bbr.com/fine-wine/offers website "Fine wine offers"] {{webarchive|url=https://web.archive.org/web/20120120114418/http://www.bbr.com/fine-wine/offers |date=20 January 2012 }}.</ref> "[[Investment wine]]s" are considered by some to be [[Veblen good]]s: those for which demand increases rather than decreases as their prices rise. Particular selections such as "Verticals", which span multiple vintages of a specific grape and vineyard, may be highly valued. The most notable was a [[Château d'Yquem#Since 1968|Château d'Yquem]] 135-year vertical containing every vintage from 1860 to 2003 sold for $1.5 million. The most common wines purchased for investment include those from [[Bordeaux wine|Bordeaux]] and [[Burgundy wine|Burgundy]]; [[cult wine]]s from [[Europe]] and elsewhere; and [[Port wine|vintage port]]. Characteristics of highly collectible wines include: # A proven track record of holding well over time # A drinking-window plateau (i.e., the period for maturity and approachability) that is many years long # A consensus among experts as to the quality of the wines # Rigorous production methods at every stage, including grape selection and appropriate barrel aging Investment in fine wine has attracted those who take advantage of their victims' relative ignorance of this wine market sector.<ref>{{Cite news |title=Château Lafake |newspaper=The Economist |url=https://www.economist.com/business/2011/06/16/chateau-lafake |access-date=2023-09-23 |archive-url=https://web.archive.org/web/20201004234819/https://www.economist.com/business/2011/06/16/chateau-lafake/ |archive-date=2020-10-04 |issn=0013-0613}}</ref> Such [[wine fraud]]sters often profit by charging excessively high prices for off-vintage or lower-status wines from well-known wine regions, while claiming that they are offering a sound investment unaffected by [[economic cycle]]s. As with any investment, thorough research is essential to making an informed decision. Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here. You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see Christianpedia:Copyrights for details). Do not submit copyrighted work without permission! Cancel Editing help (opens in new window) Discuss this page