A Cool Gift That’s Also An Investment: Wine
The Robb Report featured an interview recently with Charles Curtis, Master of Wine at Christie’s. As the finer things in life are about value, quality and enjoyment, gifting a bottle of wine that has investment potential can be a very appropriate way of appreciating culture and the value of money and its growth. If you’re not buying one of our bespoke shirts as a gift, wine is a very nice alternative.
Here are two questions from the interview that can point you in the right direction:
Q. Certainly some rare wines have declined in value in the economic downturn, thus presenting a great opportunity for some high-end buyers. Where is the great value right now?
A. Prices in wine are strongest for wines that are in short supply. This means that pre-1961 Bordeaux and Burgundy have held their value well. Conversely, wines in very plentiful supply, particularly Bordeaux from vintages after 1990, have seen a sharper correction. These wines are a great value, particularly the 1995, 1996, and 2000 vintages, and they will appreciate sharply with time.
Q. What are the most desirable collectible wines?
- The most collectible wines include Bordeaux first growths and their peers, including Latour, Lafite-Rothschild, Margaux, Mouton Rothschild, Haut-Brion, Petrus, Ausone, Cheval Blanc, Lafleur, and Le Pin.
- In addition, top red Burgundy is also highly sought after, including the wines of the Domaine de la Romanée-Conti, Domaine Leroy, Comte Georges de Vogüé, Domaine Georges Roumier, Domaine Armand Rousseau, and others.
- Beyond Europe, Screaming Eagle from California and Penfolds Grange are very desirable.
- Champagne is a niche collectible, but the limited availability of the top wines ensures that they hold their value well.