According to a new report from Knight Frank and WealthInsight, fine art was the worst performing collectible last year, with prices down 3 percent.» Read More
David Dearie, CEO, Treasury Wine Estates says despite a 40% rise in full year net profits, he has a gloomy outlook for 2013's growth rate due to a lower wine supply.
Joe Marchant, investment expert at Bordeaux Index, told CNBC, the diversification of wines that the Chinese have been buying has increased much more rapidly than many traders in the UK and Europe have expected.
With its moderate climate and approximately 250,000 acres of vineyards it is no surprise that Bordeaux is one of the world's top wine producing regions. So how is the area benefiting from one of the most popular alternative investments out there?
Last year wine collectors shelled out nearly half a billion dollars for rare and exotic vintages. With that kind of money at stake, it's no surprise this high-end hobby is a target for fraud.
Ripping off the rich is apparently a growing industry, with CNBC's Scott Wapner.
Criminals are targeting high end wine collectors by selling cheap wine in seemingly expensive bottles, with CNBC's Scott Wapner.
Michael Daymond-King, Director, Bordeaux Index says that long term stability is one of the joys of investing in the wine market. He further explains why wine is a winner among other asset classes.
Despite the sudden loss of eyesight that Alex Elman once labeled as a "total loss of independence," she has since achieved more as an entrepreneur.
Hand a canvas and some painting supplies to a not-so-budding artist, and a blank stare may follow. But give this same Picasso in the rough a corkscrew and wine glass, and you’ve got a franchise opportunity.
CNBC will reveal the big winner of CNBC's "Top States for Doing Business" tomorrow. CNBC's Scott Cohn offers a preview.
The wine grape crop in California has been falling for 2 years, and Western Farm Press reports wineries believe they will be short on supply for up to 5 years, while demand is up at least 10 percent. CNBC's Jane Wells has the details.
"Over the last five years we have had double digit growth and we believe we are at the bottom of that curve now and believe there is going to be a twenty percent increase this year," Peter Shakeshaft, chairman of Vin-X, told CNBC.
The most expensive wine ever sold directly from a winery will go on sale this week, from the venerable Australian vintner Penfolds. The limited edition release of the 2004 Penfolds Block 42 Cabernet Sauvignon is priced at $168,000 a bottle.
Amid Greece's economic woes, there is some good news: importers and top sommeliers are becoming more interested in the increasing quality (and rising prices) of Greek wines.
The wealthy have been turning to the concrete value of collectibles during the financial crisis. But some of the sector's stability is illusory.
Many people have left careers in finance and found fulfillment with others, and many say their background gave them an edge in a new venture.
CNBC's Kayla Tausche looks at where to make money in a tough market, while Robert Frank weighs in on where the rich are hunting for yield.
Socializing at Sheraton Hotels just got a little more upscale. The hotel chain now offers social hours featuring premium wine tasting events complete with Riedel stemware.
People who made fortunes in profitable industries define success in the winemaking business as breaking even.
Discussing the latest sales and hiring growth for his luxury brands and his take on the current U.S. presidential campaign, with John Paul DeJoria, John Paul Mitchell Systems co-founder/chairman/CEO, and Patron Tequila co-founder/chairman.