Illustration of Millions Spent on Rare Liquor: The Ultimate Luxury Purchase?

Millions Spent on Rare Liquor: The Ultimate Luxury Purchase?

In recent years, collectors have spent millions of dollars at auctions and private sales to acquire highly sought-after bottles of liquor and wine.

In January, Vietnamese collector Viet Nguyen Dinh Tuan spent over $2 million on a rare bottle of cognac in a private transaction. This was not his first major purchase, as his spirits collection is estimated to be worth more than $190 million, according to the Guardian.

For most people, a good bottle of wine or liquor can be bought for under $100. However, for connoisseurs and collectors, high-end alcohol represents an investment similar to fine art or luxury cars. This is especially true for whiskey and wine, both of which are known to improve with age.

Learn more about the most expensive bottles of alcohol ever sold.

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