The fine wine market update page....
Over the past 2 decades, Fine Wine has shown consistent returns and is continuing to outperform the FTSE 100. According to LIV-EX (the Fine Wine Index), in the past 5 years the Index has increased 133%, a performance bettered by none of the major share indices or gold.
Asia's increasing love affair with Bordeaux shows no signs of slowing down. Recent Hong Kong auctions held by Sotherbys continue to make records. All lots have been sold in their last 10 auctions – spanning the past 18 months.
An auction held in Hong Kong at the end of October 2010 broke all records. Asian buyers paid stratospheric prices for prized bottles sent directly from Chateau Lafite Rothschild cellars. Three bottles of 1869 Lafite Rothschild became the World's most expensive wine sold at auction, fetching £437,900.
On average vintages 2000 – 2009 sold at 3 times their estimate - Indicating that now is the time to buy!
Below are some recent Independent News and Views
"Wine booming after 40% rise in 2010"
"Fine Wine proves canny investment in 2010"
"Hit the bottle for an alternative investment"
"Lafite auction redefines prices across the globe"
"Wine sir, please take out a mortgage"
"Top Chateaux offer great value as Chinese get a taste for fine wines"
"CNBC video on Asia's love appetite for top flight Bordeaux"