Sunday, October 19, 2008

Wine collectors eye cellars for liquidity

Wine collectors eye cellars for liquidity | Special Coverage | Reuters:

"LOS ANGELES (Reuters) - Wine cellars have been taking a hit from the global credit crisis and it isn't because the owners of rare bottles are drinking more -- it's because they have been selling to raise cash.

The selling started with mortgage brokers and has moved to Wall Street as owners turn their collections of coveted vintages into liquid assets."



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