Whether you’re into wine, art or other random collectibles, here’s your quick-hit list of tips from those in the know.

Former wine specialist for Christie's; now cellar acquisitions director for wine retailer Vinfolio.com.

Buy: Rhone Valley Wines From 2006 These wonderful, ripe and lush vintages offer plenty of good opportunities for early drinking. Despite the low exchange rate for the dollar, there's still value to be had here.

Hold: 1990 Dom Pérignon and Cristal These wines will continue to improve in the bottle. With prices climbing and, as I see it, only going higher, let them keep collecting dust in your cellar.

Sell: U.S. Pinot Noir Became so popular after Sideways that many new producers started making pinot. Unless you plan to drink them, don't buy them. There's virtually no demand in the secondary market for these early drinkers. Todd Levin

Private art adviser to a select number of high-net-worth collectors; director of Levin Art Group.

Buy: Rosemarie Trockel, Jenny Holzer, Barbara Kruger, Cindy Sherman, Sarah Lucas Major works by each are still available for under $300,000. Significant appreciation is possible if you buy knowledgably.

Hold: Agnes Martin, Yayoi Kusama, Roni Horn Major early works will set you back $1 million each, but those pieces will steadily appreciate. That's a high entry barrier, but hold 'em if you’ve got 'em.

Sell: Lisa Yuskavage, Cecily Brown, Elizabeth Peyton Paintings by all three are already selling in excess of $1 million at auction. Relative to the historical importance of these artists, such prices are ridiculous.

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