Sunday, January 1, 2017

Bordeaux wines rebound after a 5-year decline

From Bloomberg
The Bordeaux wine market confirmed its recovery in 2016 after five years of declines that cut prices of the region’s leading wines by more than 40% from their 2011 peak, according to a review from the London-based Liv-ex exchange.

The "Liv-ex Fine Wine 50," comprised of 10 recent vintages of Bordeaux first-growth wines including Chateau Lafite Rothschild and Chateau Latour, climbed about 26% for the year, and was heading for its 13th straight monthly gain in December, according to Liv-ex data.

Even with that rebound ... the index remained some 25% below the peak reached ... from 2008 to 2011, according to Liv-ex.

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