Fine wine is an interesting thing, with a lucrative industry surrounding it and a diverse collective culture following it. Not only delicious but also delicate, fine wines serve as a major investment for some consumers. Here are the things you need to know to proudly navigate your way through any fine wine conversation.
Question: How Much Do I Need to Know about Fine Wine?
While it’s a common practice for wine aficionados to know a lot about the subject, the average person doesn’t have to be a sommelier to contribute to a conversation or choose a tasty bottle. However, it’s recommended that you know as much as possible if you plan to invest in the fine wine market in any way.
Question: Why Would I Invest in Fine Wine?
Fine wine is a finite product (not to mention a tangible one), meaning there is very limited supply, but nearly unlimited demand, and investors can actually touch their expensive asset. This makes each bottle worth a wad of cash if it’s kept in optimal conditions. Only invest in fine wine if you have a general knowledge of the topic and space to properly store each bottle.
Question: Why Do Some Fine Wines Get More Valuable Over Time?
Once placed in the bottle, fine wine begins to slowly mature. Each aged brew is made in limited quantities, so the supply vastly undercuts the demand. Moreover, the interest in fine wines is growing quickly but the supply is not being boosted as a result. Therefore, some fine wines increase in value with age. Learn to appreciate the rare, expensive wines by drinking them slowly.
Question: Are All Fine Wines Aged?
Kevin Zraly says that 99% of the bottles produced today are made to be consumed within 1-5 years. Those bottles typically cost between $5 and $55. The difference is that fine wine is always aged, therefore it can remain in the bottle for longer and increases in value the entire time.
Question: How Do I Know When to Open the Bottle?
Not all wine bottles are the same. Opening them at just the right time is important. As a general guideline:
• Vintage Bordeaux château should have at least 10 years to properly age.
• Cru Bourgeois (or a second label château) should be allowed at least 5 years to age properly.
• Regional wines need only 2-3 years from the vintage year to age.
• Appellation Bordeaux Contrôlée wines can be drank immediately.