Bidding For Booze

Swibel, Matthew
December 2007
Forbes Asia;12/10/2007, Vol. 3 Issue 21, p166
The article offers tips for investors planning to bid in liquor auctions. The benchmark index of the London International Vintage Exchange, an electronic fine-wine market, has spurted ahead at a 34% compound annual rate since 2004. Trading volume on the exchange is up 112% since 2007. Although alcohol may not be a serious investment, the intrinsic value of a bottle of liquor is the pleasure of drinking it, and for a fine wine that value peaks within a vintage-determined number of years of when the cork went in.


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