After a long-awaited drop in prices, fine Bordeaux vintage wines are again being south after, particularly by rich investors in Asia.
Demand for exclusive Bordeaux, such as Petrus and Chateau Margaux, has already risen by 30% in Asia this year.
The “greats” which every collector must have “include La Mission Haut Brion 1989, Haut Brion 1990, Margaux 1990, Latour 1996 and Petrus 1998,” according to Gary Boom, managing director of the Bordeaux Index.
He believes that prices will return to their previous “gentle growth of 4-5% per year.”
Since 2011, prices in the fine wine market have been falling, hastened further in 2012 by a clampdown in China on corporate give giving. This helped push demand down by 18%, followed by 15% in 2013.
It was the first time since the 1970s that Bordeaux prices fell for three consecutive years.
But now it is the “great vintages of the 1980s and 1990s that drinkers want” which Mr Bloom hopes will turn into an “inevitable availability squeeze”.
Vintners are hoping for a revival in investor interest.
The recent auction in Hong Kong of Sir Alex Ferguson’s rare and valuable collection brought in £2.3m for the former Manchester United manager.
