Bordeaux ‘returning to favour’ among fine wine buyers
Growing numbers of collectors and investors have come back to Bordeaux in early 2015, according to merchant Bordeaux Index and the Liv-ex trading exchange.
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Growing numbers of collectors and investors have come back to Bordeaux in early 2015, according to merchant Bordeaux Index and the Liv-ex trading exchange.
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Significantly higher levels of trading on the Liv-ex platform in recent months might suggest a broader fine wine recovery beyond Lafite (see p117). So far, much of that activity has focused on the resurgence of the 2000 and 2005 vintages.
There was little doubt about the enthusiasm of US critics, notably Robert Parker, for the 2007 Southern Rhônes. In the Wine Advocate, Parker awarded 10 100-point scores, beating the previous record of 2000 Bordeaux with nine and 2001 California with eight.
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Reports from Bordeaux about the quality of 2009 continue to up the ante. With some châteaux owners claiming that their wines are the greatest they have ever produced, the first trade tasting of the vintage was held in London last month,
UK merchants and commentators have come out in an unusual show of agreement with Robert Parker’s assessment of Bordeaux 2009, which appeared in the Wine Advocate at the end of April.
Fine wine merchants and wine fund managers are expecting an influx of UK wine investors following the Government’s proposals to amend Capital Gains Tax (CGT) on non-business assets.
London merchant Bordeaux Index has launched the first fine wine price index to monitor the movement of fine wine prices on a daily rather than monthly basis. Eponymously titled, ‘The Bordeaux Index’, it will track the live changes in the prices of 80–100 of the most liquidly traded wines on its LiveTrade market making screen, launched in May last year.