By Jessica Yadegaran
Tuesday, February 10th, 2009 at 12:24 pm in Corkheads.
Not sure how I missed this story about wine investments in the Wall Street Journal, but it’s just as poignant as it was back in October.
For those of us who don’t have $120,000 to spend on age-worthy Champagne, I think it’s interesting to note that wine isn’t necessarily the full-proof investment this article makes it out to be.
Sure, you can buy up a stellar vintage, like 1996, but what about cork taint? Theft? Natural disaster? Short of storing and insuring your wine with a professional cellaring operation, like Subterraneum, who’s to say what can happen to it?
Sorry to be so glum. On the bright side, I’m starting some reporting on a recession-issue I’m sure many are pondering. What the economy is doing to high-end boutique producers. Will those cult Napa Cabernets come down to earth? Are vintners halting or reducing production?
If you’re privy to such experiences, feel free to share. The story’s running in Food & Wine on Feb. 25.