A 12 bottle case of 1982 Lafite Rothschild has jumped in price by 857 per cent in the past 10 years from £2,613 to £25,000.
It means the investment return on the red wine from Bordeaux is greater than that achieved by investors in the stock market, property, oil, stamps and fine art, according to the London International Vintners Exchange.
Read the full article on the Telegraph website.
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There was a good article in the Financial Times yesterday on the strength of the fine wine markets. These are some of the notable points in the article:
Since 1993 fine wine prices have risen more than ten-fold and the asset class is now producing annual returns of around 15 per cent
Fine wine prices are up between 14 and 18 per cent since January, dipping just once in March.
Fine wine has shown significantly lower volatility than gold during most of the period from 1993 and the relatively small 2008 decline in fine wine prices in unparalleled economic conditions has already been more than been made up in 2009.
There is also another article on Investment International from Wednesday that you may wish to check out.
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As you may have seen in the press recently, the fine wine markets have been having a good summer with the Financial Times reporting the highest monthly rise since summer 2007 with a price rise of between 10 and 13 per cent for the year so far.
This news follows a report of price rises on 2008 wines by the Daily Telegraph.
If you would like to discuss your portfolio please feel free to give me a call at Bordeaux UK.
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