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Collectable wines: Anyone have a spare $24,000?

Would you pay $24,000 for a half case of Petrus 2000? What about a single bottle of 1990 Grands Echezeaux valued at $4,000? Ah come on, that’s a bargain! Well, certainly some seem to think so, even if you and I don’t. By the way, that $4,000 Grands Echezeaux was bought for $250 in 1990. Even with inflation, that’s a pretty good return, particularly if you end up buying a case or two.

Collecting wine is a pretty serious business, but then you really have to know what you’re doing. Reputable collectors can fetch this kind of money because they have the knowledge on what wines will be age worthy, and more to the point, what wines will be worth something in the future. I’ve heard a number of stories of people with more money than sense, paying extortionate prices for wines worth pennies because they haven’t done their homework, or they just didn’t know any better.

I, like many of us, haven’t got a spare $24,000 lying around, so I’m perfectly happy to keep my half case of Amon-Ra under the stairs for another 15 years or so. Fear not, it will be drank, and damn sure I won’t be putting it up for auction.

Here’s a few more shocking collectables:

  • Petrus Pomerol 1989 estimated to be worth $3,000 (original paid: $250)
  • Grand Vin de Chateau Latour 1982 estimated to be worth $1,500 (original paid $80-90)
  • Screaming Eagle 1996 (California) estimated to be worth $1,500 (original paid $250)
  • Romanee Conti 1999 (Burgundy) The pre-auction estimate is between $7,000 and $9,000 (A 21% buyer’s premium could put the total over $10,000). Only about 6,000 bottles produced.

Facts and figures sourced from CNBC.com. View original post/slide show here.

Amon-Ra a better bet than the stock market?

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