The currency of wine continued

19.09.17 Such was the interest created by last week’s currency note that we have been asked to investigate further, and as the real shock arrived with the referendum result we have taken the analysis back to that point. The question therefore becomes: which wines have underperformed most over the full period of sterling weakness, (which […]

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The currency of wine

Tracking the ups and downs of the currency and fine wine markets over the past few years, it’s surely no coincidence that they match up rather closely and with that correlation come opportunities. Whichever way you look at the above five year chart, the indices it records appear to bottom in July 2014, before taking […]

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Missing a trick

07.09.17 “Quelle dommage”, as they would say in Bordeaux. Last weekend the Sunday Times ran an article in its ‘Money’ supplement about alternative asset performance and seems to us to have somewhat missed a trick. True, it trotted out all the recent performance figures, which are helpful to a point, but it failed to address […]

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Contrary bubbles

30.08.17 It is quite a challenge at times like this when the Champagne sector outperforms, because the dynamics which apply elsewhere in the fine wine investment world do not tend to apply to Champagne. As most people now know we at Amphora Portfolio Management have a proprietary algorithm which assesses a series of variables all […]

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Shut up, Jerry

22.08.17 We have fielded a lot of queries recently about the 2005 vintage. As we all know there was the much-heralded Parker retrospective 2 years ago subsequent to which it has been quite difficult for wines of that vintage to make much headway. It was, understandably enough, as though all the latent interest had been […]

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Many En Primeur Returns

16.08.17 One of the great principles for investment of any kind, and fine wine investment is no exception, is to constantly question what you think you know. Many investors get blind-sided by beliefs which are actually erroneous. How people come by their views varies enormously, obviously, but time moves on and as it does so, […]

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Post Kahuna Lacuna?

09.08.17 There is a debate ongoing about the impact of Robert Parker’s retirement on fine wine prices: will Neal Martin ever hold the same influence as the great Kahuna? It is time, perhaps, to do a little bit of analysis on the impact of Wine Advocate opinion on wine price movement. Anecdotally, fine wine investors […]

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The wonderful thing about Tigger

02.08.17 One of the great things about having the Amphora proprietary algorithm is that it not only highlights relative value across individual producer vintages, but across particular sectors and indeed the whole market. When we are assembling a wine investment portfolio from scratch we first of all work out the sectoral weightings in accordance with […]

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Its only human nature after all

26.07.17 We receive quite a lot of feedback to these weekly market reports most of which is complimentary but there are occasional criticisms and even the odd insult which always seems a peculiar way to respond to people who are trying to help. Let us therefore be very clear: at Amphora we are not desperate […]

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Model Portfolio 6 months performance

18.07.17 At the start of the year we offered up a model portfolio for general consumption and promised to keep readers in touch with its progress. We have arrived at the half way stage for the year and there are several things to point out. Overall the portfolio is up 8.24%. This compares creditably with […]

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A Nap Selection

12/07/17 Back in December last year Amphora recommended that investors pick up Dominus 2009, and over the period it has risen a tidy 20%, a healthy return in most people’s language. Of late the focus has necessarily been on Bordeaux, what with the En Primeur campaign and so on. Time now perhaps to remind ourselves […]

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Risk and Petrus

04/07/17 Further to last week’s article we are fielding a lot of questions in respect of risk, so it is probably worth while spending a little more time on the subject. The bottom line is that all investment considerations revolve to some degree around the concept of risk. The fact of life is that it […]

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