Saturday, December 10, 2011

Better returns than Manhattan property

CNNmoney.com looked at the appreciation of several French wines over the past 25 years and Chateau Lafite Rothschild had the appreciation rates shown below.
First Growth Bordeaux

One of the few investments (provided you don't drink it) that exceeds the return on Manhattan property.  Now, I am referring to something that provides consistent return, not the volatile hedge fund / bubble property stuff.




Now:

1982 Lafite Rothschild average price = $5,500 (6,548% appreciation)
1983 Lafite Rothschild average price = $1,100 (2,220% appreciation)
2008 Lafite Rothschild average price = $1,800 (more than the '83? You have to be nuts!)

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