While Burgundies are gaining ground amongst fine wine investors, most continue to favour Bordeaux wines, with Lafiteand Chateau Petrus wines in particular remaining amongst the most sought-after fine wine investment products.
London, UK (PRWEB) March 01, 2013
iNVEZZ, a new portal for investors, today published a news item focusing on the demand for Burgundy wines, which have been gaining ground as a wine investment alternative to Bordeaux wines. The article was prompted by a Bloomberg report on the performance of several top Burgundy wines in recent wine auctions.
In its article, iNVEZZ comments on the recently observed demand for selected Burgundy wines, noting particularly the performance of Domaine de la Romanee-Conti at recent auctions, with demand for top Burgundies generally outstripping supply. iNVEZZ quotes fine wine market activity data which showed the share of Burgundy wines increasing to a record high in January and notes the dominance of trade in the Domaine de la Romanee-Conti product.
The iNVEZZ piece goes on to explain that the growing demand for Burgundy is a further sign of a recovery under way in the fine wine market following the decline in 2012. iNVEZZ observes that both the Liv-ex fine wine 50 and 100 indices rose in January, with the reported data suggesting a more favourable wine investment environment this year. Robust January auctions also point to a sustained recovery in prices, albeit that the observed demand was in part due to the early Chinese New Year.
iNVEZZ notes that while Burgundies are gaining ground amongst fine wine investors, most continue to favour Bordeaux wines, with Lafiteand Chateau Petrus wines in particular remaining amongst the most sought-after fine wine investment products.
The commentary can be found in the news section on alternative investments of iNVEZZ, the investor’s portal which investors with timely news and information on current happenings in the investment world. In addition to news, iNVEZZ features in-depth analysis on topical investment issues, providing insights into a range of investment products and markets.
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