Has the ramp in Baidu (BIDU-NASDAQ) left you speechless? The market for fine wine has been on a tear that leaves Baidu in the dust. The Chinese have not really taken to wine yet, but with new millionaires being created daily it is only a matter of time until they begin to participate in the finite market that is wine. Giddyup.

Wine is a liquid market, and even allows you to participate in futures if you are so inclined. The five first growth Bordeaux estates typically produce 20,000 cases of wine in an average vintage. Seven years ago the 2000 vintage of Lafite Rothschild could have been purchased for $3,500 a case. That same wine is now selling for $18,000 case. Bottles disappear nearly every day as people open them, and the surviving wine becomes even more valuable. The only downside is fraud, as counterfeiters attempt to cash in on the game.

 

Submitted: Nov 27, 2007    Views: 244    Comments: 0    Likes: 4   


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