Fine wine market analysts are increasingly confident that prices for recent vintages of top Bordeaux have bottomed out after a three-year slide.
Bordeaux prices have found stability on several indices in recent months, prompting UK-based Wine Asset Managers (WAM) to suggest that prices may have reached their cheapest point. It’s only just comparable with the plume of optimism that drove Bordeaux prices skywards previous to several years ago, but WAM’s Miles Davis thinks there is extra wits to be cheerful in 2015. ‘For those who are familiar with the characteristics of the fine wine market, what has happened over the last six months is becoming significant,’ he said. ‘The fact that the market has been flat for six months now suggests that it is in the administer of varying direction and that the China fall out is now fully in the fee.’Trading exchange Liv-ex said in its latest market report
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