German wine is increasingly becoming an international collector’s item.
(Photo: imago images / Westend61)
Munich Johannes Hasselbach knows from his family how far enthusiasm for wine as an investment can go. His ancestor Carl Gunderloch was so passionate about wine that he sold his bank in Mainz and bought a winery in nearby Hakenheim.
Six generations later, Hasselbach leads the fortunes of the Gunderloch winery and primarily bottles Rieslings. One of them was served at the Nobel Prize ceremony. But that’s not the only thing that makes his wines sought after.
“German wine is increasingly becoming an international collector’s item,” says Hasselbach. He is benefiting from a hype that peaked in 2013 at 558,000 euros for a bottle of wine from Burgundy and is now becoming somewhat weaker in the top price segment.
“The prices are falling, but interest remains,” says Thomas Hertlein, wine dealer and restaurateur. He advises anyone who wants to put some good bottles in their cellar to get in now. EExperts explain what makes certain wines expensive and what collectors should pay attention to.
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