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Rising prices for wine investors

Know when to invest—know when to drink

By Barry Smith   April 2016

©Gilles Messian/wikimedia commons

Perhaps the most important question to ask besides when should you drink a wine is when should you buy it. The system of buying Bordeaux wines en primeur (before they have been bottled and cellar-aged) used to serve château owners and wine merchants equally well. The owners didn’t have to keep their stock waiting to accrue value; while the merchants bought wines that could be sold for more at a later date. Though, recently, there has been much disquiet about the opening prices for grand…

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