Wine Price NewsBack
Lots of new wine prices at I-deal Encheres Vins wine auctions, held on 2018-08-25. Among others, six wine bottles 750 ml of Clerc Milon vintage 1988 under the hammer
The interest of wine lovers, wine merchants and wine investors, at the wine auction I-deal Encheres Vins on the 2018-08-25 was really big. Among others, a part of the program included six bottles Clerc Milon, vintage 1988, 750 ml, which were auctioned for 54,85 $ per 750 ml bottle. A previous fine wine value of 60,92 $ was adopt on 2018-06-09 at Steinfels Weine. The value development since then was -9,97 %. The 1988 vintage from Clerc Milon was auctioned in 750 ml wine bottles, for the first time on 1999-09-18 at Sothebys Wine Auctions NY. On that date the wine value achieved 34,10 $ and twelve bottles were offered. Its performance since the first wine trade was slightly negative at +60,83 %.
Not only the wine price was affected by this price drop also the two trends experienced a change. The short-term trend lostand now stands at -8,29 %, the long-term trend dropped and is available at +21,90 %. A positive short-term trend can lead to an investment decision. The higher this trend the more likely a rise in prices is possible. Currently, it seems that the 1988 Clerc Milon an investment in wine is not economically promising.
- Starting Date
- 1999-09-18
- First Price
- 34,10 $
- Price 2018-08-25
- 54,85 $
- Performance/Year
- +2,54 %
- Total Performance
- +60,85 %
Wine value including fees and taxes 65,82 $