From the FT:
Things are looking up in the world of wine.
The industry’s leading benchmark, the Liv-ex 100 Fine Wine Index, rallied 5 per cent in August compared with the same period a month ago, to 225. The index has risen 10 per cent up year to date, but is 14 per cent down year on year.
The industry’s leading benchmark, the Liv-ex 100 Fine Wine Index, rallied 5 per cent in August compared with the same period a month ago, to 225. The index has risen 10 per cent up year to date, but is 14 per cent down year on year.
This must be what those bankers who have had a ‘good recession‘ are spending their bonuses on. It’s more discreet than getting another car, after all.
What’s more, the 2009 Bordeaux vintage is expected to be another excellent one, following on from a highly rated 2008 and even more lauded 2005. As Decanter reported, the weather in the region has been perfectly warm and dry, and producers are hoping that September doesn’t bring too much rain.
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