Monday, August 29, 2016
Financial Markets - Wine
Investing in wine can earn you big profits. It can be for the long or short term but, if you're on your game, there are big wads of lucre to be made. Based on where you get your information, the world fine wine market is valued at over $55 billion a year. In the US in 2002, Sotheby's did $22 million (£12m) auctioning wine. During the 2003 Bordeaux Futures promotion, one UK company did 10 million in 6 weeks. A leading European bank is opening a €40 million investment fund in wine. There is serious interest in the leading wine labels around the world. The following are some of the reds and whites that have made a fortune over the years.