Lukewarm anticipation for Bordeaux 2013 – So what does this mean for wine investment?
As harvesting begins in Bordeaux, doubts remain as to how the 2013 vintage will be received. Inconsistent weather throughout the growing season has been problematic for the chateaux and combined with the fact that many vineyards were damaged by hail in early August the outlook is uncertain. The rule of thumb is that grapes need roughly100 days of sunshine to mature during the growing period. The weather has been very inconsistent this year and the very cold spring curtailed any early growth. Potential inclement weather in early October is also a concern. Too much rain at the end of the growing season dilutes the juice of the grape, which will eventually affect the flavour. It’s too early to call, but the conditions have been far from ideal.
So what does this mean for wine investment? According to Jeremy Peacock, Broking Manager at Vin-X, the financial implications may indeed be brighter than the weather forecast –
“With the lacklustre performance of the 2011 and 2012 en primeur campaigns, investors who are after the very highest quality wine have been putting more focus on the 2009 and 2010 vintages, which were two of the best-scored years of all time. Similarly, vintages such as 2005 and 2003 are great sources of value in the market, especially as growth picks up following the correction. As the back vintages of the 00s approach their drinking window, trading should start to pick up as supply begins to drop.”