Saturday, 3 January 2009
Is this one of the most expensive bottles of wine being retailed in the UK?
Esteemed fine wine merchants Maison du Vin of Hawkhurst Kent currently have on there shelves for sale one bottle of 'Richebourg' 1993 Domaine de la Romanee-Conti.The price is a mere £900.00 You may fall of your chair but when it comes to investing in wine few wines give a return greater than 'Domaine de la Romanee-Conti.' Situated in the village of Vosne-Romanee in northern Burgundy this small Domaine comprises of five tiny grand cru vineyards. Romanee-Conti, the flag ship wine, LaTache,Richebourg,
Romanee-St-Vivant, Grands Echezeaux. These five tiny plots of land together make up less than 74 acres and between them have an average production of approximately 73,000 bottles. Just over a thousand bottles per acre. The smallest number is that of Romanee-Conti just 6.500/7.500 bottles from 4.32 acres.
Small yields in deed but these wines offer big returns for investors ranging from 64% to 150% since 2004. The best performer being LaTache up by 234%! No wonder with the FT finishing the year with its worst performance ever, more and more people are looking to invest in fine wines. So much so that Maison du Vin are launching there own wine fund and expect to be able to give share holders an average return of between 10 and 15%. An initial 100 shares will be issued at £1000 per share.
For more information contact Kevin Griffin at kvgriffin@aol.com
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