Sunday, December 30, 2007

Wine is the new oil

2007 could very well go down as the year of wine. We've seen a number of high-end wine bars open up in the area, and more are set to come.

Yet, according to an article in the Washington Post, this wine boom is just the tip of the iceberg.

There's an entire exchange, much like the NYSE, that deals in the buying and selling of wine. And we're not talking about the bottle of Yellowtail in your kitchen, we're talking wines bought at $3,500 and sold at $10,000.

Overall this year the market is up an amazing 39%, but that doesn't mean there still isn't plenty of risk involved.

So, will you be investing in wine in 2008?


The Ex said...

I love yellowtail, how'd you KNOW?

B said...

I'll probably stick to the Yellowtail but I am definitely turning into a wino. It's just such a pleasant beverage and comes in so many varieties that you can't get bored of it. I love that.