Will Investing In Wine Make You A Millionaire?

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When the wine is drawn, it must be drunk, but the nectar of the gods can also be a long-term investment in these times of volatile financial markets.

Who, at the turn of a tasting or a dinner - washed down - with friends, has not wondered one day: what is the most expensive wine in the world? Unsurprisingly and without untimely chauvinism, it is indeed a tricolor wine.A Bordeaux Grand Cru Classé? A vintage champagne? An exceptional sweet wine? The most expensive nectar on the planet is the Romanée-Conti grand cru (red) from the eponymous domain in Burgundy, well known to insiders by the acronym DRC.More precisely, it is the 1945 vintage, sold at 482,000 euros on October 14, 2018 by Sotheby's.

This bottle with the stained label and the exorbitant price is one of the 600 produced during this vintage which marked the end of the Second World War, just before the famous Burgundy estate pulled out its vines to replant them.The last record for a bottle of wine of standard capacity (as a reminder, 75 centilitres) had hitherto amounted to 201,000 euros for a Château Lafite Rothschild from 1869 auctioned at a sale in Hong Kong in 2010.Imperial (6 liters) of Cheval Blanc 1947 had been bought for 304,000 euros at the end of an auction held in Geneva.

Posted Date: 2021-02-11

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