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"Last Word"-Vino Values

Tuesday, December 26, 2006

SUSIE GHARIB: And finally tonight, at year's end many investors take time to re-balance their portfolios. But experts say a growing number of investors are staying, shall we say, liquid? Collecting premium wines is now a growth industry with prices for Bordeaux and burgundies at some of their highest levels ever. For example, six magnums of premium French burgundy sold this year for more than $170,000. Just weeks later, a single bottle of 1955 chateau la tour went for almost $30,000. Of course, Jeff, for this type of investment, if you want to enjoy it, you have to destroy it, by drinking it.

YASTINE: That would be painful at $30,000.

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