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

Coverage commercial general liability insurance offers to insured company
Published by Andrew Edwards on May 22nd 2012 | Insurance
CGL is quite popular plan while business owners want to cover-up the liability issues and transfer...
 
Several categories of Group health insurance
Published by Morgan001 on March 27th 2012 | Finance
The Group health insurance makes individual insurance coverage’s accessible on a member of group b...
 
Steps to make good car insurance comparison
Published by Geenadavis on April 20th 2012 | Insurance
You have always heard how much important car insurance comparison is, but you are not familiar with ...
 
Cheap classic car insurance – tips to find the best company
Published by Anneshirley on March 20th 2012 | Insurance
Having a classic car is a great source of pleasure. No matter for what purpose you use your classic ...
 
Vauxhall Corsa Insurance gives you best insurance
Published by Ahmadgill on January 26th 2012 | Insurance
Now a day our company is committed in giving you cheap insurance and cutting rates on Vauxhall Corsa...
 
Tips to get cheap car insurance
Published by Harrisonford on March 1st 2012 | Insurance
If you are car owner and you know the law then you definitely know importance of car insurance. Car ...
 
Affordable medical insurance plan
Published by Lessardcasey on January 13th 2012 | Insurance
In today's world, it's important to be prepared for emergencies. While having a savings account is a...
 
Benefits of income protection insurance
Published by Benroger on February 28th 2012 | Insurance
Right from the beginning of the world everyone knows how much unpredictable their life can be. Our l...
 
Alfa Romeo Spider car insurance is not difficult for you
Published by Kaisar on January 2nd 2012 | Insurance
This is not matter which car you are using but if you are the owner for the Brera car so it is vital...
 
An easy guide to getting reliable auto insurance
Published by Jerry on March 12th 2012 | Insurance
Finding the right auto insurance product for yourself can be a difficult task if you approach it in ...
 
All about child insurance in India
Published by Puneet on February 6th 2012 | Insurance
A child plan is all about working out strategies that will ensure your children have a secure future...
 
How commercial insurance smooth the progress of home based business
Published by Andrew Edwards on December 6th 2011 | Insurance
Test your business skills first before starting a home based business...
 
Learn to find cheaper van insurance
Published by Robmarshall on March 28th 2012 | Insurance
Purchasing cheaper van insurance is not a very difficult task if an individual knows how to go about...
 
Product liability insurance is a risk management investment
Published by Andrew Edwards on March 14th 2012 | Insurance
Market has reached a position where from it is important for every company to look for risk manageme...
 
Classic car insurance requirements
Published by Johnjakson on January 30th 2012 | Insurance
If you have a classic car, most likely it is one of the most valuable possessions. Defending and mai...
 
Buying term insurance online - a way to save premiums
Published by Chris Luke on April 26th 2012 | Insurance
Term insurance is a commonly purchased policy in current times as it is the most suitable plan that ...
 
You can get car insurance in Missouri easily
Published by Insurance Inde on January 14th 2012 | Insurance
Missouri drivers are some of the most disciplined in the United States. They highly regard personal...
 
Clarion Event liability insurance covers host of resources
Published by Michel Jordan on February 1st 2012 | Insurance
The article describes the public liability insurance for musicians offered by Clarion Associates to ...
 
What are Car insurance comparison sites
Published by Geenadavis on February 25th 2012 | Insurance
Today, auto insurance is necessary for every owner of the car. One must select an auto insurance cov...
 
How to find auto insurance
Published by Phil Richard on January 25th 2012 | Insurance
Whether we see it from the safety point of view or take it as a compulsion by law it’s must to get...