Does inexpensive wine increase in value?!
Does inexpensive wine increase in value?
I have a bottle of R.H. Phillips, Dunnigan Hills Exp Syrah vintage 1994. Is it worth anything? If so, how much?
Answers:
Many people think that a good Syrah, properly cellared, improves with age and is best drunk when it is 10-15 years old.
Key phrase: properly cellared.
Interestingly, it sold for about $11 in 1994 and the same price for a 2004 EXP Syrah today.
It's not going to go up in value and has probably just about to exceed its prime no matter how well it was stored.
Order up a pizza and uncork the bottle.
It may be worth what you paid for, or it may be sour.
It's probably vinegar by now if you didn't keep it in a cool cellar. It won't be worth anything though.
You'd only get a increase if you bought a bottle from a new winery that suddenly got alot of notice for great wine.
Short answer No. You need to buy a wine that is not a ready to drink wine. It has to be a wine from a low volume make and it has to be able to store over time. Certain wines like reisling for example don't last much more than 5 years. You can find some merlots and red wines that can last over 15. Certain types of port can be aged for 40 years +.
Certain other factors help keep the wine from aging as well quality of cork, dark tinted bottle and was it stored in a cool place to name a few. But mainly if its an over produced wine its probably not going to be worth a whole lot but if its a wine made to age and collect it could very well be some day.