Wine is a liquid symphony. It is defined by a complex orchestration of grape variety, region, color, aromatic bouquet and alcoholic content. This natural libation was honored by the ancient Greeks, who created a deity in its honor. While Bacchus may conjure visions of revelry, connoisseurs in modern times have elevated the enjoyment of wine to a cultivated art with equal attention paid to production, preservation and consumption.  

Wine can also represent a significant liquid asset. Auction prices have reached new highs: in 2010, three bottles of Château Lafite-Rothschild 1869 vintage sold for $230,000 a bottle, setting a record for the most expensive bottle of wine ever sold at auction. Wine differs from other collectibles in that its eventual purpose is to be consumed. Proper wine storage and care will ensure a wine‘s future drinkability and value as well as the maintenance of its corks and seals.  

To preserve your collection, we recommend you review the advice in our Caring for Wine Collections issue of the AXA ART Collection Management Series.

Above: Image courtesy of Chateau Lynch Bages, Pauillac.

This announcement is advisory in nature and is provided for informational purposes only. It is offered as a resource to be used by insurance advisors and insureds in maintaining an appropriate loss prevention program. No liability of any kind is assumed by AXA Art Insurance Corporation by reason of the information contained in this announcement.