The economy has been a mixed blessing for the wine enthusiast as the recent lows has been both good and bad for most everyone. While for most the economy has changed just how they spend their money as well as how much they have set back for retirement it has also provided opportunities to invest in things from stocks to real estate and even fine wine at lower rates than usual.
Before the fall of 2008 wine was selling at auctions for rates that were approaching all time highs. For many this meant that buying vintage wines to cellar was only for the wealthy to do. The recession though truly brought down the prices at auctions making them more affordable for those who were willing to spend their money on these top vintages.
Recently at the top wine auctions in New York the prices of many excellent older wines showed that the economy is bouncing back. Of course though the prices are creeping up there are still not at the levels they were at in 2008 making now an excellent time to invest money in fine wine for your cellar. Many are more willing to spend now that the worse seems to be over and the prices are still low enough to make them great investments or even personalized wine gifts for someone you love for the holidays.