Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Expensive Wines: a Luxury Item for Collecting and Consumption

By Linda Subscribe to RSS | May 30th 2012 | Views:
loading
 
  



Wine, a fine drink to accompany a meal, for some has a far greater value to others. Wine connoisseurs themselves would only be able to enlighten us with tales of the most luxurious wines available, some at prices one who does not study wine would never know about. Based on a variety of characteristics such as the where they are from, the quality of the grapes used to make the wine, the oak aging process if necessary, as well as how many bottles of that particular wine are made are all factors contributing to the price of wine. A fine wine could cost upwards of thousands of dollars.

Although many people buy wine to consume there are also plenty of wines sold as a mere addition to a connoisseur's collection. The most expensive wine ever sold was bought by Thomas Jefferson the third American president for $56,588; it was a 1787 Chateau d'Yquem. This bottle was bought purely as an addition to Jefferson's collection since wine of such an age is beyond its years for drinking.

The world's most expensive wine that was still able to be drunk was actually the most expensive wine ever to be sold in the United States of America which was a Montrachet 1978 sold in 2001 at an auction. This white wine was sold as a lot of seven bottles but per bottle ran at about $23,929. Even this price is overly extravagant; as the story with this price is that a bidding match between two men got a little out of hand both men trying to outbid each other. The actual value was probably substantially less.

Now even though most people can't afford such extravagant purchases there are wines that are much more affordable but still quite expensive which cost a few hundred dollars. Many people like to save these wines for special occasions when they are opened and shared and of course there are the few that buy as a hobby of collecting wines.

An owner of expensive wines must be aware that like any expensive purchase, they should be insured in cases of theft or damage. Just imagine if you were storing half a dozen bottles of pricey wine in your wine storage cabinet and came home to find it empty. In such an unfortunate event it is imperative to have coverage so that you suffer no loss of the money you spent on those bottles. Wine collectors are even more encouraged to protect themselves and their collection with insurance since it might be composed of rare and unique wines that are hard to come by as well as expensive.

In any case, learning about and indulging in fine wines either as a consumer of them or collector is incredibly fascinating. The price range is vast and varying depending on the characteristics of the wine. For those wine connoisseurs that are interested in the more luxurious and highly priced wines it is always better to be safe and have your wine insured in the event that something or someone damages your precious collection.

Linda - About Author:
When you need wine insurance in Ontario, you should always check out this site!

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/insurance-articles/expensive-wines-a-luxury-item-for-collecting-and-consumption.htm

Related Insurance Articles Subscribe to RSS

Different insurance plan to get cheap car insurance
Published by Robmichae on March 2nd 2012 | Insurance
Our car is a very important part of our life. A day without it can turn out to be a disaster day of ...
 
Affordable medical insurance procedure
Published by Lessardcasey on March 28th 2012 | Insurance
Medical treatments and preventative care are not cheap. For the 40 million citizens of the United St...
 
How to win the right auto insurance packages in New Hampshire
Published by Alabamaauto Insurances on January 17th 2012 | Finance
Auto insurance is definitely a necessity to anyone who owns a car in the modern day. If at all you ...
 
Get relief from day to day mishaps and provide insurance coverage for your van today
Published by Gregorypeck on February 25th 2012 | Insurance
For most manufacturing or service providing companies, it is the first priority to have a good runni...
 
Maine- Just where to get the best auto insurance
Published by Insuranceindian Aauto on January 14th 2012 | Finance
If at all you are seeking auto insurance in Maine, then auto insurance Maine is the best option for ...
 
Vermont car insurance
Published by Usautoinsurances on January 17th 2012 | Insurance
You have to carry your Vermont auto insurance all the time you are driving on the Vermont roads. It ...
 
Georgia health insurance plan is excellent option for your health cover
Published by on June 23rd 2012 | Insurance
Only getting health insurance policy is not important, getting the right one is more important, beca...
 
Hold unexpected situations with ease, obtain business interruption insurance
Published by Andrew Edwards on February 20th 2012 | Insurance
Fix your business issues quite generously as it is quite important to keep a hold on unexpected situ...
 
Pre existing conditions medical insurance
Published by Mark Suchel on March 14th 2012 | Insurance
Many sick individuals find it nearly impossible to get insurance with a pre-existing condition. Most...
 
Looking for the best Colorado auto insurance quotes
Published by Auto Insurances on January 16th 2012 | Finance
There are many Colorado auto insurance companies that are offering great deals for insurance policie...
 
 
How to choose a life insurance policy for you?
Published by Chris Luke on March 30th 2012 | Insurance
Buying a life insurance policy is a necessary part of financial and future planning nowadays. Get on...
 
Look at us and buy affordable business insurance
Published by Andrew Edwards on March 14th 2012 | Insurance
While making choices in for business insurance you should not avoid us...
 
Importance of comparing commercial insurance quotes
Published by Andrew Edwards on April 20th 2012 | Insurance
If you are running a business which is not performing in terms of huge profits...
 
Understanding public liability insurance
Published by Lauraallen on April 14th 2012 | Insurance
If you are running any kind of business, then you must take into account public liability insurance....
 
Say no to restriction imposed by cheap classic car insurance lenders
Published by Anneshirley on April 12th 2012 | Insurance
Classic car are the heritage cars, so if you own one then you are the lucky person on earth. It is a...
 
Get a car insurance to protect your asset
Published by Robert King on January 20th 2012 | Finance
Car insurance is an instrument which covers for all the unforeseen dangers associated with a car. Ca...
 
Valuable information about car insurance coverage to save your cars from unwanted loss
Published by Jameshaven on March 5th 2012 | Insurance
Car insurance is something you have to have. It is something mandatory as per law. Even if we omit l...
 
Best car insurance in New York City
Published by Warner on April 2nd 2012 | Insurance
Insurance Express is the one stop solution for all Nassau County car insurance related requirements....
 
Important considerations with regard to backpackers insurance
Published by Marry James on February 24th 2012 | Insurance
One of the greatest risks that a person can take is to go on an adventurous trip worldwide without g...