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Bordeaux Bubble Bursts

Posted on  | January 3, 2012   Bookmark and Share
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The reign of Bordeaux may be over. After 15 years of the region’s investment-grade wines offering an annual return of about 15%, the price of recent vintages of industry bellwether Château Lafite Rothschild fell about 17% in 2011, according to brokers Fine and Rare Wines. Others experienced similar falls. But investors have not deserted wine as an asset class. Rather, they appear to believe Bordeaux is over hyped and over priced. The 2010 release was the third “vintage of the century” in the past 10 years.

In its place, investors switched to investment-grade Burgundy. In 2011, prices for top names Romanée-Conti and La Tache jumped 26% and 40% respectively. As with all investments, not even the Bordeaux bubble could last forever.

Source: FT

December 30th


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