date:Jun 04, 2014
-ex Fine Wine 50 Index tracking top Bordeaux wines has declined for 13 of the past 14 months, after falling 3% last year and 10% in 2012. The index has dropped 6% this year as collectors, deterred by prices of recent vintages, have sought older wine and diversified outside the region.
There is market weakness and poor sentiment towards Bordeaux, and particularly left-bank Bordeaux, Miles Davis, a partner at London-based Wine Asset Managers LLP, which has $20 million under management, wrote in a