FT | Buying & Investing in Wine

Saturday October 19 2013 The shift in global economic power towards Asia is introducing new tastes into the fine wine market but bordeaux remains dominant, says Peggy Hollinger Made in Lebanon Châteaux draw from historic roots Vineyards Page 3 Jancis... More

Saturday October 19 2013 The shift in global economic power towards Asia is introducing new tastes into the fine wine market but bordeaux remains dominant, says Peggy Hollinger Made in Lebanon Châteaux draw from historic roots Vineyards Page 3 Jancis Robinson Classic vintages to drink now Fine wines Page 4 Next generation The wave of new bars aimed at the young Merchants Page 2 interest from east Asia. Between 2009 and mid-2011, bordeaux prices surged some 80 per cent, as buyers in China and beyond fought to own the best vintages from the top châteaux. Ever since, burgundies and champagnes have drawn a growing number of oldworld investors. Since Asian interest began to slow from 2011, sufficient demand has remained for these wines to help them significantly outperform bordeaux, according to Liv-ex, the London-based exchange for investment-grade wine. “Investing in the wine market is becoming less about bordeaux, as people thought it was becoming too expensive,” says Justin Gibbs, cofou Less