Local merchants are the only ones seeing their wines fly off the shelves. Auction houses Christie's and Sotheby's also saw strong sales last week. Christie's sold $2.5 million worth of Claret and Burgundy in just two days, with the 2000 vintage of Chateau Lafite-Roshchild fetching the equivalent of $1,400 a bottle.
Moreover, according to London's Telegraph, "Live-ex, a research company that runs a fine-wine index, estimates that prices of the best vintages have increased by 50% since the start of last year – in sharp contrast to the stock market, where prices have fallen by 15%."
So when all else fails in this market, you don't have to whine, just go buy wine!
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