When auction houses appraise rare wines for sale, they base the price on various factors. Vintage, provenance, availability and storage conditions are some of the concerns. These factors all affect the investment potential. Many people today attend auctions to find that special case to add to their collection.
Weather differences can affect the grapes used in creating wine and this makes some vintages better than others. The vintage of a wine is established according to the grapes grown, picked and bottled in a certain year. A vintage which is higher in alcohol and fruitier comes from grapes grown in hot weather, while one which is higher in acid and lighter-bodied is produced in a cool year. Vintage has become quite controversial today as some people feel it no longer as important as it used to be due to the great technological strides made in making of wine.
The question of availability arises because a limited amount of a vintage is produced in a year. As the bottles are consumed, so the supply becomes rarer and the price increases. The fewer the bottles available may mean that only a small amount of the vintage was produced in the first place or that it may be very old, or it may be a combination of these two factors.
The provenance of a wine refers to its history. Buyers are always interested in the life of a wine up to the present day. As old wine has the potential of improving with age, the issue of provenance has a bearing on the value. A documented history of the conditions in which the wine was stored helps with estimating the quality and authenticity of the vintage.
The reason storage is so important is that wine can be spoiled by too much heat, light or by vibration. The cellar has to be kept below a certain temperature and it must be dark. Bottles need to be stored on their sides and left alone to mature.
The size of a bottle in which a wine comes can also add to its desirability. Large-format bottles are used by many wineries in limited quantities. Using these bottles causes it to age more slowly and a fine wine from an older vintage in a large bottle is a find for a collector.
In the rare-wine world, fraud is possible. Provenance can be difficult to determine, particularly in a product with a very long, murky history. Even collectors with much knowledge and experience have been known to be fooled when the color, cork and label all look authentic.
Collectors often develop discerning palates which also helps a great deal when finding out about the rarity of a wine. There are those who are extremely good tasters. They can even pin down a wine to a particular vintage, region and maybe even down to a small vineyard within a region.
Auctions are a very popular way of sourcing wine for a collection today. Another popular choice is to shop for wine online. One can source rare wines for sale in this way. There are various categories used to narrow down a search, such as country, region, producer and vintage. This can save much time and effort.
Weather differences can affect the grapes used in creating wine and this makes some vintages better than others. The vintage of a wine is established according to the grapes grown, picked and bottled in a certain year. A vintage which is higher in alcohol and fruitier comes from grapes grown in hot weather, while one which is higher in acid and lighter-bodied is produced in a cool year. Vintage has become quite controversial today as some people feel it no longer as important as it used to be due to the great technological strides made in making of wine.
The question of availability arises because a limited amount of a vintage is produced in a year. As the bottles are consumed, so the supply becomes rarer and the price increases. The fewer the bottles available may mean that only a small amount of the vintage was produced in the first place or that it may be very old, or it may be a combination of these two factors.
The provenance of a wine refers to its history. Buyers are always interested in the life of a wine up to the present day. As old wine has the potential of improving with age, the issue of provenance has a bearing on the value. A documented history of the conditions in which the wine was stored helps with estimating the quality and authenticity of the vintage.
The reason storage is so important is that wine can be spoiled by too much heat, light or by vibration. The cellar has to be kept below a certain temperature and it must be dark. Bottles need to be stored on their sides and left alone to mature.
The size of a bottle in which a wine comes can also add to its desirability. Large-format bottles are used by many wineries in limited quantities. Using these bottles causes it to age more slowly and a fine wine from an older vintage in a large bottle is a find for a collector.
In the rare-wine world, fraud is possible. Provenance can be difficult to determine, particularly in a product with a very long, murky history. Even collectors with much knowledge and experience have been known to be fooled when the color, cork and label all look authentic.
Collectors often develop discerning palates which also helps a great deal when finding out about the rarity of a wine. There are those who are extremely good tasters. They can even pin down a wine to a particular vintage, region and maybe even down to a small vineyard within a region.
Auctions are a very popular way of sourcing wine for a collection today. Another popular choice is to shop for wine online. One can source rare wines for sale in this way. There are various categories used to narrow down a search, such as country, region, producer and vintage. This can save much time and effort.
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