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    2009-08-21

    Wine Price

    Happened to read a NYTimes 1992 article, some excerpt:

    'In Bordeaux, Peter Sichel of the Maison Sichel negociant said that the average price per bottle for top Bordeaux wines fell to 160 francs (about $33.50 at current exchange rates) for the 1991 vintage, from 205 francs ($43) for the 1990.

    This sharp drop, after several years of mounting prices, partly reflected the fact that the 1990 vintage is widely regarded as superior. But in part, Mr. Sichel said, "it showed that the bubble has burst." '

    Now, it's not surprised to see a good vintage of any top Bordeaux sold for ~$400. In other words, in the 17-year period, by its dollar value, that interprets into a rough compound annual return rate 15%.

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