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The burgundy bubble

Matthew Hayes
Matthew Hayes
Wednesday 29 September 2021
Joseph Lau II sells wine at Sotheby's HK

Matthew Hayes charts the rise and rise of burgundy prices, which he describes as '0 to 60 in 15 years', from very personal experience. Above, a Sotheby's auctioneer does his bit.

Bordeaux has traditionally been the backbone of the secondary market, the market where wine is traded (as opposed to being drunk) and investment profits made. However, things look less of a monopoly today than they have in the past. According to Liv-ex, bordeaux’s share of the secondary market (as represented by wines offered and traded on their platform) has plummeted from 75% to 35%. Admittedly, the Bordelais’ figures have...