In the words of Ian Dury “Reasons to be cheerful,one,two,three” as the top 20 performers in the Liv-ex Bordeaux 500 have all increased in value by at least 15% since July 2014 and that is not a market that’s unsure of itself. Some people might consider that a bull market but previous January and Chinese New Year bounces have turned out to be false dawns and the fact that the Bordelaise have incorrectly priced the last four en primeur campaigns means that we remain cautiously optimistic.
This is borne out by the fact that 60% of the wines in the index overall have been in positive territory during this time period. The recent upgrades of Chateaux Montrose, Mouton and Haut Bailly have certainly helped with the latter having increased by 62% when Robert Parker upgraded it to 100 points in November 2014. For more information click below.