In 2018, two bottles of 1945 Romanée Conti sold at auction for US$558,000 and $496,000 respectively, smashing all previous records as well as the expected sale prices. Headline-grabbing events like this push fine wine collecting into the spotlight, and often prompt questions about how to accurately put a price – particularly such a high one – on a bottle of wine.
The reality is that the vast majority of fine wine – collectible bottles that are built to age – is far easier to value than ‘unicorn’ bottles like these.
In this detailed report, we examine:
- What influences the price of wine
- The importance of standardised price data
- Valuations using Liv-ex Market Prices
- How professionals and collectors can carry out a valuation
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