The record-priced Bordeaux 2009 vintage currently trades at -2% off its London release price and so far has failed to produce growth in accordance to expectations. We look into alternative fine wine investment strategies that – albeit with hindsight – would have netted a better return.
Is not the time-honoured investment advice to buy low and sell high?
A fresh new study by 3 London Business School (LBS) economists is the latest challenge, in a series of long-running research going back as far as the 1980s, to the efficient market hypothesis.
The Wall street Journal posted this article on their website today:
eries of successful high-profile auctions have taken place in Hong Kong, of which three within the first month of the year. Further proof of HK’s prominent position in the Bordeaux-dominated fine and rare wines market. Two of these auctions were particularly high profile with a partial sell-off of the cellar of Lord Andrew Lloyd Webber, followed by a consignment from Bordeaux Winebank, a fund. Acker, Merrall and Condit, meanwhile, followed-up with a sale of premium Bordeaux and Burgundy.
The latest monthly bulletin from Liv-ex, shows the effects of currency exchange on the strong price appreciation among the London trade, suggesting there may yet be some way to go amid increasing concerns about a fine wine bubble. Supporting this interpretation are the results of their benchmark Liv-ex Fine Wine 100 Index, which the exchange has converted into other major intern