Burgundy on the move
by demetraWO#11:00:41:817
2015-06-04
The WO Blue Chip Burgundy index continues to power ahead, up 5% in just 7 weeks.
Has this rise been driven by recent demand and auction performances in Hong Kong, or are we just seeing the latest kick upwards driven by increasingly difficult-to-find wines in the face of growing global appreciation?
Whilst to 2010 DRCs have fallen over the last year by 7-10%, the scarcest wines from blue chip producers have registered strong double-digit growth in the last year.
Burgundy is substantially outperforming Bordeaux First Growth performance and Northern Italy. First Growths show flat performance over the last 12 months, whilst Northern Italy has edged up by 1.5%.
You can see performance of indices and their constituent wines here.
Posted in:
Fine wine analysis, Market news and analysis,
Tags:
Blue Chip Burgundy Index, Burgundy, Burgundy wine, fine wine index, fine wine performance, Wine Owners wine index,
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