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Issued the 20 September 2011 | ![]() |
Economists have often said that the safest investments are gold and real estate. But while we are talking about deflation to come on these assets, it is a discrete bubble that beats all records: the wine, particularly the Bordeaux.
Economists have often said that the safest investments are gold and real estate. But while we are talking about deflation to come on these assets, it is a discrete bubble that beats all records: the wine, particularly the Bordeaux.
It is clear that the soaring prices of Bordeaux over the last two decades outperform all other asset classes. Obviously, all wines are not housed in the same boat. The most expensive wines of the world, Petrus (Pomerol) and Romanée Conti (Burgundy), saw their average prices tripling over the last 15 years!
In contrast, Lafite-Rothschild (Pauillac), which had not the previous quotation of Petrus, comes closer and closer. Thus, a bottle of Lafite 2000 was 210 € the bottle as a future in Spring 2001, and now worth € 3,000 a bottle.
Better yet, the second wines of "Myths" had the craziest explosions price! Thus, Carruades de Lafite-Rothschild 1990 (a vintage side as the 2009 ‘s Bordeaux and 2010's Bordeaux) at its output was 14€, as a future, a bottle! 20 years later, the connoisseur can obtain by auction around 300€. A multiplier of 20. Much more than gold or real estate!
The origin of these movements, the same phenomenon as that which blew the gold: the development of emerging countries. Considering that the enrichment is not completed in these countries, and that luxury goods have not finished to be exported, then the great Bordeaux wines in particular still have bright future, there down...
Source : Francebourse.com, 09/01/2011