September 24, 2017 @ 11:33 pm
Big Rick Hardly Strictly Wine Blog
Fine wine is now the best-performing collectible of the world’s wealthy collectors, with values soaring 25 percent over the past 12 months, according to a new report.
The Knight Frank Luxury Investment Index found that wine has replaced classic cars as the top collectible.
Collectible wine prices surged 25 percent over the past year and are up 61 percent over the past five years.
Sotheby’s led the global wine auction market last year, with total sales up 22 percent over 2015. It’s sale of wines from the cellar of William Koch fetched $22 million, and a 10-bottle lot of 1945 Chateau Mouton Rothschild went for $343,000 – way above its $120,000 estimate.