Wine 101: Fine Wine Part III: Robert and The Inflation

Wine 101: Fine Wine Part III: Robert and The Inflation

After the 1855 Classification of Bordeaux and the signing of the Anglo-French commercial treaty in 1860, the demand for expensive, age-worthy Bordeaux wines shot through the roof. However, the buying and selling of fine wine didn’t take hold in auction houses until roughly a century later. At the time, the U.S. faced an oil crisis and double-digit inflation, so the high-end wine trade was targeting big corporate bank accounts, and the well-to-do…