Business

IT WAS A VERY GOOD YEAR

Vino’s back – becoming the hipster’s beverage of choice, while some 2005 Bordeaux’s are selling for around $3,000.

In New York City, wine raves are targeting twentysomethings, and hedge-fund money has transformed wine collecting into a blood sport.

Bedford Wine merchants has sold out of every bottle of Chateau Petrus, 2005 – a limited Bordeaux that the store sold for $2,500 and then $2900 a bottle, said owner Arthur Wunderlich.

Elsewhere, said William Rhodes, wine director at Gotham’s famed Carlyle Hotel, which is launching a wine of its own, cases were selling for $41,000. Just don’t drink it – at least not for another 15 years.

“It would be horrible if someone drank it – you’re buying to invest in the future. It’s like real estate – buying to flip,” Rhodes said. “Yes, wine is hedonistic and pleasurable, but it’s also a business.”

Added Wunderlich: “You can’t even buy it anymore.” The last time he looked, Chateau Petrus was selling for $3,600 a bottle from a European dealer.