iNVEZZ.com, a portal for investors, has released a new article commenting on a recent wine auction where an impressive collection of Italian wines generated big interest among investors and collectors.
March 5, 2013 (Newswire) - iNVEZZ, a portal for investors, today published a new commentary looking at the recent Acker Merrall & Condit's fine wine auction. Although the auction saw the continuing dominance of Bordeaux and Burgundy wines, which generally are the preferred choice for people investing in wine, the highlights of the auction were Italian wines which sold comfortably above their high estimates.
In its new article,iNVEZZ reports that the recently concluded February sale of Acker Merrall & Condit brought in a total of $3.1 million and saw 94 percent of its lots sold. Among the auction highlights was a four magnum collection of Bartolo Mascarello Barolo in several vintages which sold at $7,995, well above its high estimate of $4,800. Several other Italian lots also surpassed their upper estimates.
iNVEZZ notes that the Acker Merrall & Condit auction is not the only recent sale where those investing in wine have favoured the production of Italian vineyards. At Sotheby's February New York sale, wines from the Tuscan coastal vineyard Tenuta dell'Ornellaia raised $147,123 in total, comfortably surpassing their upper estimate of $110,000.
iNVEZZ also reports on the healthy performance of Bordeaux and Burgundy wines at the Acker Merrall & Condit auction, adding to the signs of a wider fine wine market recovery alongside the upbeat results from Sotheby's and Christie's February auctions. In its commentary, iNVEZZ points out that investors as well as collectors have been showing revived interest in investing in wine so far in 2013, with many doubtless looking to take advantage of the lower prices registered during the market decline in 2012.
The new iNVEZZ article can be found in the portal's news section, which presents investors with timely updates of current affairs in the investment world. In addition to news, iNVEZZ.com also features in-depth analysis on topical investment issues and insights into mainstream investment products and markets.
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