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Collecting Q&A: Do wines always increase in value as they get older?

Peter D. Meltzer

Posted: Thursday, March 27, 2008

Q.If a wine has passed its peak, is it still worth buying? Does the value of the wine decrease at that point or if it is a first growth or Burgundy grand cru does it increase because of its age? --Joseph Fragale, Monroe, NJ

A: Generally speaking, a wine that has passed peak isn't worth buying unless you are conducting a major vertical tasting and wish to include it for reference sake. Otherwise, you are in for a disappointing experience. However, just because a wine is old doesn't necessarily mean it is past peak. But remember that historic vintages of first growths and grand cru Burgundies don't age equally. A 1947 Château Cheval-Blanc is highly sought after and very expensive (about $6,000 a bottle at auction) whereas 1947 Château Margaux averages about $700. For more insight consult the Wine Spectator "Wine Ratings" and "Auction Price Database" at winespectator.com.

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