| | Investing in Wine: Now May Be the Time
EVERY time David Weinstein swirls wine in a glass, you could say he is managing his assets. Mr. Weinstein, a New York dealer in French art glass, is a wine collector, for investment as well as pleasure. He owns approximately 1,000 cases of wine, primarily red Bordeaux. more |
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| | Wine Still A Good Investment In Hard Times, Say Experts
Hong Kong - When James Christie held his first auction in 1776, bottles of wine were among the lots to go under the hammer. Even then, wine was more than just an accompaniment to fine food - it was a liquid asset. More than 200 years later, it's a view shared by many Asian investors, particularly in Hong Kong where collectors are believed to own around 1 million cases of rare or fine wines, or as much as 15-20 per cent of the world's total. more |
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| | Banking On The Bottle
Bankrupt banks, crashing stock markets, collapsing mutual funds, falling commodities — a combination enough to drive people to the drink! With the global financial markets in turmoil, investors are on the lookout for alternative asset classes that may offer some safety. This is where investing in a bottle of wine may be a good idea and many Indians seem to feel the same way. more |
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| | Wine Buyers Defy Credit Crunch
Berry Bros & Rudd, wine merchants to the Queen, said that it is on track to record the best year in its 310-year history. It has sold £60.5 million-worth of wine since April, a £5 million increase on the same period last year. Wine experts said the unprecedented week had been fuelled by investors seeking an alternative home for their savings, as well as City workers choosing to drown their sorrows in style. more |
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| | UK Wine Sales Buoyant Despite Credit Crunch
Wine sales in the UK show no sign of slowing despite a turbulent week in the financial markets as London auction house Christie's reported record results. Lots from their Bordeaux 2000 sale on 15 and 18 September surpassed their estimate sale prices. more |
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| | Hart Davis Hart Buck Gloomy Trend With Huge Sale
Despite Wall Street's historic near-meltdown, Hart Davis Hart has just sold an American cellar for over US$11m. The sum of US$11,160,583 taken on 19-20 September was the highest tallied for a 2008 wine auction and one of the highest ever recorded. more |
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| | Macau Eliminates Wine Tax! Asia Market Worth €1bn!
2nd September 08 - Hong Kong officials have predicted that the value of wine imports into Asia will top €1bn by 2017. The figures came as Macau eliminated its 15% tax on wine, following a similar decision by Hong Kong in March 2008. Speaking at the opening of the first Hong Kong International Wine Fair earlier this month more |
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