This term is used when wine is kept for a specified period of time, either in casks or bottles before it is consumed.

According to the Guinness book of world record Bordeaux, a 1787 Chateau Lafite was auctioned for a staggering $ 160, 000 making it the most expensive wine in the world

There are two parts to the process of tasting wine. The first process is called nosing. Nosing is the process of smelling the aroma released by the wine when it is poured into a glass and swirled. The second process is tasting. One should sip a small quantity of wine and swirl it all around the inside of the mouth. All areas of the tongue should experience the flavour because this is when one gets the actual feeling of wine.

Krug Clos du Mesnil 1995 is the most expensive champagne that can be bought off the shelf. A single bottle is for $750.00 USD, but only 12,624 bottles were ever produced. On September 27 2005 A Methuselah of Louis Roederer Cristal 1990 was sold for a staggering $14,730.00 in a London auction making it one of the most expensive champagnes ever auctioned.