Wine, a fine drink to accompany a meal, for some has a far
greater value to others. Wine connoisseurs themselves would only be able
to enlighten us with tales of the most luxurious wines available, some
at prices one who does not study wine would never know about. Based on a
variety of characteristics such as the where they are from, the quality
of the grapes used to make the wine, the oak aging process if
necessary, as well as how many bottles of that particular wine are made
are all factors contributing to the price of wine. A fine wine could
cost upwards of thousands of dollars.
Although many people buy
wine to consume there are also plenty of wines sold as a mere addition
to a connoisseur's collection. The most expensive wine ever sold was
bought by Thomas Jefferson the third American president for $56,588; it
was a 1787 Chateau d'Yquem. This bottle was bought purely as an addition
to Jefferson's collection since wine of such an age is beyond its years
for drinking.
The world's most expensive wine that was still able
to be drunk was actually the most expensive wine ever to be sold in the
United States of America which was a Montrachet 1978 sold in 2001 at an
auction. This white wine was sold as a lot of seven bottles but per
bottle ran at about $23,929. Even this price is overly extravagant; as
the story with this price is that a bidding match between two men got a
little out of hand both men trying to outbid each other. The actual
value was probably substantially less.
Now even though most people
can't afford such extravagant purchases there are wines that are much
more affordable but still quite expensive which cost a few hundred
dollars. Many people like to save these wines for special occasions when
they are opened and shared and of course there are the few that buy as a
hobby of collecting wines.
An owner of expensive wines must be
aware that like any expensive purchase, they should be insured in cases
of theft or damage. Just imagine if you were storing half a dozen
bottles of pricey wine in your wine storage cabinet and came home to
find it empty. In such an unfortunate event it is imperative to have
coverage so that you suffer no loss of the money you spent on those
bottles. Wine collectors are even more encouraged to protect themselves
and their collection with insurance since it might be composed of rare
and unique wines that are hard to come by as well as expensive.
In
any case, learning about and indulging in fine wines either as a
consumer of them or collector is incredibly fascinating. The price range
is vast and varying depending on the characteristics of the wine. For
those wine connoisseurs that are interested in the more luxurious and
highly priced wines it is always better to be safe and have your wine
insured in the event that something or someone damages your precious
collection.
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