NEW YORK (Reuters) – Experts are advising collectors – and investors – to buy Bordeaux and sell Burgundies as yet another economic study finds that over the long run, wine tops equities when it comes to delivering high returns. When collectors speak of investing in wine, they are usually referring to First Growth Bordeaux, a group of five top-ranked chateaux; the very best Burgundies, usually Domaine de la Romanee-Conti (DRC); and then select wines from Italy, California and Australia. Prices for the First Growth Bordeaux are down almost 35 percent from their highs a year ago. …
Economy News Headlines – Yahoo! News
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