Older Bordeaux vintages show their value as broader recovery proves elusive

London

OLDER wines from Bordeaux are showing value as investors and collectors await release prices for the 2014 vintage, while a recovery in the broader market remains elusive, according to London-based Wine Asset Managers LLP (WAM).

Prices on the London-based Liv-ex online exchange showed signs of stability last month as the market sought to recover from a three-year slump, with value traded rising to a two-year high. The Liv-ex Fine Wine 50 Index, tracking 10 vintages of the five Bordeaux left-bank first growths, fell 0.6 per cent in March while holding onto a 0.5 per cent year-to-date gain.