If you’re thinking about purchasing wine, or have started building a collection, it’s important to understand what factors determine the value of a bottle of wine and its potential collectability. According to WineAdvise, the top 5 factors to look for are:
Out of more than 2 million wine producers in the world, there are only about 500 that are known for providing the quality of wine that would increase in value over time. Selected Australian wineries can count themselves among this elite group, with blue chip names such as Penfolds Grange and Henschke Hill of Grace, matching it with famous producers in France, Italy, and the United States.
The scarcer the wine, the higher its potential for increasing in value. Wines can become scarce either because they are consumed over time or because there was only a small amount produced in the first place.
Because grapes can be extremely sensitive and complex, small fluctuations in weather conditions can make or break a vintage. The perfect balance is difficult to achieve and maintain from year to year. Therefore, when ideal conditions allow for a perfect balance, that vintage can become very valuable.
Wines from great vintages typically age better than those of lesser vintages. Therefore, the longer it lasts, the more valuable it can become.
While many wine purists abhor wine critic scores, those scores definitely affect the value of a wine. Top critics like James Halliday continue to influence perceptions of wine and their collectability with even slight adjustments to scores.
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