W(h)iners!
Everything has been hit in the wake of the credit crunch, from commodities to stocks everything under the sun has taken a beating. Wine is no different. Prices began to fall as things started looking bleak and according to the wine exchange Live-Ex there are no signs of things looking up this holiday season. The Live-Ex 100 index, which tracks the prices of 100 tradable fine wines, has fallen 5.5% since last November, almost a fifth since last August, ever since investors with cash opted for the money, supply outstripped demand and prices started to fall.
The worst hit, are the vintages of 2005 “the first growth” like the Chateau Lafite Rothschild which was described as an “exceptional vintage” owing to the perfect combination of rain sunshine and warmth. Some vintages have almost halved in prices seeing a steady drop in prices the Chateau La Mission Haut-Brion one such particular wine.
If the taste fine wine is what tickles you’re fancy and you never had the heart to splurge huge amounts on them now is your time to buy.
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