Right now you can start a Wine Collection for less money than ever

The market for wine in a strange one. It is essentially a luxury product, and yet millions of bottles are produced each year. A wine can be worth less than ten years his subordinates, and whether a particular wine sells well or not may come down to a few people's personal taste. However, one thing will always remain the same in the wine world, and it is a potential goldmine of money to be made. Now more than ever. 

The cost of taking a good bottle has risen quite rapidly over the last decades. As more sophisticated production techniques and better storage capabilities allow for high-class wines, so prices for these wines continues to rise. Sotheby's wine expert Jamie Richie himself told:  "Prices had risen to almost intolerable levels last spring." That has changed somewhat, however now that prices are starting to come back during the struggling economy. 2009's March figures showed a fall in prices of close to 1.2 percent according to Liv-Ex 100, the index that tracks the top 100 wines collected. This is the trend that experts expect to continue over time and may in fact be seen thought the wine, from wine production to sales of daily wine glasses. 

At a recent auction in Chicago, a bottle of 1978 Montrachet Domaine Romanée-Conti sold for $ 3783. The price of $ 23,929 was only a few years back at Sotherby's for the same bottle of wine. This massive decrease in the cost are so many people to get some fantastic wines for their own personal collections or for investment, for only a fraction of previous prices. The lowest point in that market will be exposed is expected to be somewhere towards the end of years. It would then be able to start gaining some speed again. 

Here are some key advice from Joss Fowler, wine investment professionals from Berry Bros. & Rudd. He says that the best bet is still red Bordeaux, as this always ages well. On top of that, go for the best wines you can get for your money and always get the best vintage. Remain faithful to this rule, and you can fill your lovely glass of champagne before too long.