Wines… why not?

Margaux

Chateau Margaux wines.
Source: french-old-wine-club. 

Trophy wines are going up in prices like champagne bubbles. Apparently, positional goods are in strong demand as a consequence of globalization —which has widened the wealth gap, exacerbating the numbers of the filthy?? rich. So a bottle of Petrus 1987 vintage, which used to carry a £65 price tag 10 years ago , sells for £1,000 nowadays… in excess of 15x, a whopping 31 % annual yield.

According to this post from Gideon Rachman:

Some people reckon that it is all a bubble, and that the prices of the
top wines will come crashing down. I don’t believe it. The supply of
the fanciest Bordeaux wines is limited by the fact that they come from
a specific vineyard. But the demand for them will only swell, as
globalisation ensures that the number of new billionaires in search of
“positional goods” keeps rising. In a few year’s time, a case of Pétrus
2005 for £22,000 may seem like a bargain.

Only 250 hectares of vineyards at Chateau Margaux according to Bert from wineterroirs. I like that… especially, if the Margaux investment goes south, you can always call your friends over
and throw a very nice… wine party.

Check: Position goods.