Robert Parker has released his in-bottle scores for 2008, the vintage that he previoulsy loved but that other critics weren’t as positive about. The result is quite extraordinary: the vintage as a whole is downgraded by a massive 1.18 point.
The Bordeaux 2010 En Primeur campaign has finally started. The tastings are done and reviews have been coming out thick and fast. The first wines have been released and once Robert Parker will release his scores (expected on the 3rd of May), we will see Chateaux step up the pace of releases.
Bordeaux 2010, as with Bordeaux 2009 before it, is a vintage born out of extremity. In opposition to the no less extreme but regular cycle of 2009, 2010 is the fruit of exceptional meteorological conditions that tested the vine to its limits. 2010 is an extreme vintage which, in this instance, went the right way.
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