""Scarcity really drives the bus. When it comes to really rare, and really old wines among the greatest, people don't really care what they pay for it.""
""What those items have in common is they are very rare, one-of-a-kind items that also tell a story.""
""With the passage of time, fewer and fewer bottles of the wine have become available, with perhaps only a handful left, estimates Kapon.""
""Acker's Fine and Rare index, which tracks a cross-section of 100 top wines sold at the auction, rose 11% in the first three months of the year, one of the strongest jumps he's seen in 25 years.""
The 1945 Domaine de la Romanée-Conti wine sold for $812,500, setting a new auction record. This bottle is one of only 600 produced in a historic year. Scarcity significantly influences the value of rare wines. Other collectibles, such as a 1969 Fender Stratocaster guitar and a rare Pokémon card, have also seen skyrocketing prices at auction. The Acker's Fine and Rare index for top wines rose 11% in the first quarter, indicating a strong market for collectibles.
Read at Fortune
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