Thank you, Lehman Brothers?

by Oct 2, 2021News0 comments

On this day, 13 years ago, the world broke out in a panic when Lehman Brothers filed for Ch. 11 bankruptcy. Still the largest bankruptcy filing in US history, it was the climax of the Great Recession of 2007-2009.

Subprime mortgages were to blame, lending money to people that were far from solvent. You had young adults buying $100,000+ homes across middle-class America, each with a brand new car and everything else they could want. Pools, vacations, living way outside their means.

It was a great boom.

Until it went bust.

And much of the world felt it. Thus came negative interest rates in the years to follow, economies grappling to recover. This was the last straw for our founders.

Having dedicated their lives to the world of finance, Alti Wine Exchange said ok it’s time to reinvent. We want assets, we want to combine what we love with a type of trading that makes sense, based on finite resources, limited bottles of the world’s best wines.

Will it make you filthy rich? You can definitely earn a return, but this is a type of business built on passion. Worst case scenario, you get a rare bottle of wine to drink that you paid much less than the market price for, a bottle that is perfectly preserved in Bordeaux until you say GO!

In the infamously simple words of Hemingway:

“Wine is one of the most civilized things in the world and one of the most natural things of the world that has been brought to the greatest perfection, and it offers a greater range for enjoyment and appreciation than, possibly, any other purely sensory thing.”

And please, don’t let a bump in history like September 15, 2008 stop you. A date throughout any year is bound for ups and downs.

Do not forget that on a day like today in 1616, the first free public school in Europe opened to residents in Frascati, Italy. In 1835, Darwin arrived at the Galapagos. In 1928, Fleming discovered penicillin. Game changers to life as we know it!

Just as 2008 was a year of hardship, it incited great minds to reinvent. We turned to new ideas, new ways of investing.

Alti Wine Exchange is the first of its kind, a blockchain-based platform that provides an alternative asset investment: rare wines. The good life.

Want to know more? Just ask!

Explore More from Our Blog

They have created the perfect storm for controlled demolition of money

I’m glad to be back talking financial insights, one glass of wine at a time. First they shut down the economy, to save lives. With the closure of the economy, production ceased. To compensate for non-production or reduced production, people were paid not to lose...

Spanish Cava Sparkling Wine: What You Need to Know!

Spanish Cava Sparkling Wine: What You Need to Know!

What is a Port Wine?

DEAR READER, Let’s start February off with a simple question: Good morning, Mr. Ferdinand, What is a Port wine? -Jacques Thank you, Jacques, for your brevity. Let’s get down to business! Ports are an underrated, very particular type of wine made in the Douro Valley,...

What to Expect for Fine Wine Investments in 2022

Let’s face it, between an ongoing COVID pandemic, erratic markets, fires, floods and major humanitarian crises, 2021 was exhausting. And though none of us can be sure what to make of 2022, we can say with confidence that fine and rare wine investments are looking...

Holiday Gift Guide for Fine Wine

It’s that time of year again! And so begins the search for the perfect holiday gift. Something unique, something that shows you truly care. How about a gift that keeps on giving? An investment. Imagine their surprise when you tell them that their gift is resting...

FAMILY-RUN WINERIES

DEAR READER, As I grow immensely in popularity, I’ve noticed more of you interested in my personal life. I didn’t begin e-blogging with this in mind, but I don’t mind indulging every now and then. I imagine my intellect intimidates a lot of you, so maybe shedding some...

The Truth about Fine Wine

Fine wine. What does that really mean? The truth is, as words, they don’t mean much. There is no official classification system for the title “fine wine.” It’s not like the regulated usage of “Premier Cru” or “Grand Cru Classé,” for example, rather anyone can throw it...

Maipo Valley Reds

DEAR READER, I am again-and-again charmed by my readers’ curiosity! It reminds me of being a young sommelier, ready to take on the world one glass at a time. I know far too much to feel that way again—but at least I can experience a shred of it through you all! Dear...

Liquid Harmony

Harmony. Think Crosby, Stills, Nash & Young. Think Picasso's The Old Guitarist. It’s that moment when various elements come together to create magic. And magic really is the word, no? Wine can also sip in harmony, and I can think of no better example than the...

Where Does the Phrase “Aging Like Fine Wine” Originate?

DEAR READER, I received this charming question from an inquisitive reader last week. Dear Sommelier Ferdinand, Where does the phrase “aging like fine wine” originate? It’s so fun! -Imani I just love your question! What a lively spirit you have, Imani! I’m more of a...

NOSTALGIA AND THE ADELAIDE DOURO RED

DEAR READER, Let’s get down to it! Dear Sommelier Ferdinand, I respect your point of view, but I must ask: don’t you think worshipping wines is partaking too mightily in the past? Wouldn’t you rather create your own memories than indulge in nostalgia? -Ethan Ethan,...

The Top 10 Wines to Invest In Today

Imagine that back in the day you invested in a case of 1992 Screaming Eagle Cabernet Sauvignon wine. When released, mailing list members had the chance to snag a bottle of this "cult wine" for a mere US$75.00. Fast forward to now, and one bottle alone goes for...