Odd factoids

I’ll Drink to That

by reestheskin on 08/05/2020

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The value of wine exchanged yearly between consumers, connoisseurs and collectors—the secondary market—has quadrupled to $4bn since 2000, says Justin Gibbs of Liv-ex, a wine-trading platform. He reckons that just 15% of those buying wine on his website are doing so to drink it. The rest see it as a store of value.

Amateur buyers of fine Burgundy fear a speculative bubble – Smoking barrels

Annoying, isn’t it? But we all tend to a naive idea of value. Especially when we think about pricing drugs.