Spectacular Italian Collection Generates Big Interest In Investing In Wine, Says Investment Portal Invezz.com
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.
London (I-Newswire) March 5, 2013 - 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.
To learn more about iNVEZZ, join, contribute your own professional or amateur expertise on the investment areas of your interest or engage with other investors or experts, please visit www.iNVEZZ.com.
About iNVEZZ Limited
News, analysis, commentary, opinion and an interactive forum for investors of all kinds. Invezz will More.. allow you to keep up to date with the most recent developments in the investment world, allow you to browse and weigh-up investment opportunities as well as read and interract with the opinions of both experts and your peers.Less..
843 Finchley Road
Phone : 08458340101
Published On:March 5, 2013
Print Release:Print Release
If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.