To an untrained eye, the world’s most valuable wines might look like gilded tokens marketed on scarcity and hype. But behind their embossed labels lies deep history and incredible terroir. “Certain wine-producing properties have a proven track record—a long history of making great wine stretching back in some instances hundreds of years,” explains Christie’s Head of Wine Chris Munro. This history lends the estates their credibility in the midst of vintage variation, making these the wines to invest in even in challenging years.

Read about the best Pinot wines from Burgundy, the quality wines from Bordeaux or the terroirs in the Mosel River Valley, Piedmont, Australia, the Nappa Valley and Champagne in the current article in the online magazine luxurydefined from Christie’s International Real Estate.