Time for Fine Wine

The luxury market has become a hunting ground for the bargain savvy. Thanks to really bad financial times which the whole world seems to finally be feeling, luxury prices are dropping. From the cost of prime real estate, to new Aston Martins and even fine wine, has gone way down. The Liv-Ex 100 lists the prices of the top 100 most coveted luxury wines and since last October there has been a 12.4% drop. Bad news for the wineries but if you’re looking to fill your wine cellar with some luxe bottles of Dom. Romane Conti 1997, $1,540, Petrus Pomerol 1998, $1,459, or Chteau Le Pin Pomerol 1999, $908 now would be a good time. The wine market is a buyers market so let your collection begin.