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'Knowledge is power' in wine investment

It has been a "vintage decade" for wine investors, according to Joanne Hart of This is Money, with a bottle of Chateau Lafite that would have cost £130 in 2001 now costing nearly ten times that amount.

The well-publicised growth in interest among Asia's wealthy elite has helped to drive prices ever higher, with Chateau Latour and Chateau Margaux also seeing six- and three-fold price rises respectively.

While prices of vintage Bordeaux fell by around 15 per cent in the wake of the financial crisis, they had recovered by the end of 2009 and went on to grow 30 per cent the following year.

"Like all investments, when it comes to wine, knowledge is power," advised Ms Hart.

"Good merchants should know which wines are growing in popularity and which are lagging behind."

Recently, Ben O'Donnell wrote in Wine Spectator that the weak euro is deterring people in the US from investing in Bordeaux en primeur 2010, but there is no shortage of interest from European markets such as Switzerland, Germany and the Netherlands.



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'Knowledge is power' in wine investment
'Knowledge is power' in wine investment
'Knowledge is power' in wine investment