Monday, 21 Sep 2009
Those buying dusty bottles of cabernet sauvignon from the South-West could be making a better investment than putting their hard-earned money into the sharemarket, with fine wines appreciating faster than many shares. Wine auctioneers Langton's reckon Australian fine wine values have increased almost 64 per cent over the past two years while the stockmarket has fallen about 39 per cent. Rare WA wine, such as an imperial (six litres) of 1997 Howard Park cabernet, can fetch as much at $6000 at auction.
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