Bordeaux Wine Prices Spike After 2016 Vintage Declared ‘Best Since 2010’

ibankcoin.com / Dr. Fly / Sat Apr 22, 2017 1:18pm EST

I remember when the 2005 Bordeaux was being celebrated as the best year for the designer wine since 1982. Having some disposable income, I became an energetic collector — buying up first growth vintages and then storing them, like an animal, in a non climate controlled make shift cellar. After later finding out that my investments were spoiling because I hadn’t stored them properly, I quickly them all and promised to never collect again, until I was outfitted with a proper cellar.

According to experts, the 2016 vintage is the best since 2010. It doesn’t mean all that much, aside from the fact that degenerated wine traders will get to buy up cases of the stuff, for their rich clients, attempting to arb the wine from futures market to actual delivery.

The world of Bordeaux, namely first growth estate wine, is a sordid market, replete with hucksters and counterfeiters trying to rip off eager Chinese investors and collectors. In China, there is an obsession with Latour and Lafite-Rothschild wines. If you do a cursory search, you’ll learn the Chinese are buying up all the vinyards in Bordeaux and have been growing plenty of their own wine at home.

Prices are climbing again,  a long awaited lift after years of a do nothing market.

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