Angelus and Pavie, don’t bet on luck

10.03.2017 We have mentioned in the recent past the concept of market leadership, and have had many enquiries wondering how exactly to play this. The fact is that if you take a high risk or polarised view of the market, where you are either all in or all out, or EITHER in Bordeaux OR the […]

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Ausone and Masseto

01/03/2017 I think we could fairly be accused of having a bit of a thing about Ausone. Those of the investment committee who are confessedly oenophiles first and investment gurus second wax lyrical about the incredible history of the Chateau, its place in the hierarchy of Bordeaux producers, and so on. Those who are principally […]

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Burgundy Wine Investment

14.02.17 Somewhat against tradition, far from stalling in the immediate aftermath of Chinese New Year, the Liv-ex 50 which tracks the values of the First Growths has been powering ahead, and there have been very good year-to-date rises elsewhere in Tuscany and Napa Valley. The Liv-ex has been trumpeting the activity in Burgundy over the […]

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The Road Ahead

An important thing to note about investing is that over the longer term, as short term trends are unwound, many sectors tend to polarise towards the same spot. It is a bit like going from London to Edinburgh: the start and end points may be the same, but there are many different routes you can […]

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Petrus and the Fire Rooster

We were interested to see a headline in the Evening Standard last week whose article ran rather along the lines of the UK retail sales being boosted by Chinese visitors. The statistics behind these assertions show tourist arrivals from the Middle Kingdom rising at a prodigious rate, flight bookings in January 2017 for example were […]

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Past performance and 2017 predictions

January 2017 – Past performance and 2017 predictions. Happy New Year! We have spent quite a lot of time over the last 12 months talking about the benefits of diversification in the wine investment process, which although important irrespective of the investment medium, just happens to work particularly well with fine wine. The portfolio approach […]

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Fine wine investment: Beyond Bordeaux

07.12.16 Beyond Bordeaux Over the last couple of weeks we have seen the market in index terms continue to consolidate. At times like this the leadership will tend to rotate, and sure enough the outperformers since mid-November have come from a broader front. We note that many of these are back vintages from the 80s […]

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He who hesitates

29.11.2016 – Wine Market Update. One of the less attractive aspects of investing is referred to by psychologists as “loss-aversion syndrome”. In lay terms, we dislike our losers far more than we like our winners. So let’s make a big noise about enjoying a winner. On 11th November in the Drinks business article entitled “What […]

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Pomorol anomalies

Most people’s inboxes this week will be filling up with reminders about the unspeakable Black Friday frenzy whose argy bargy will be populating the news screens at the end of the week as one black eye follows another. China has its own version of this, a rather more romantic “Singles’ Day” which takes place on […]

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India spicing up the wine market

Regular readers will know that for over 2 years now Amphora has been sending executives out to India every three months or so with a view to spreading the fine wine investment message. Last week we were lucky enough to be able to spend a day at the delightful Sula Vineyard, a hair-raising 3 hour […]

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La La’s or method in the madness?

At Amphora, we are sent a lot of portfolios for audit which arrive with the observation: “I wish I hadn’t wasted money on those La Las”, or words to that effect. It’s tempting to think that the problems visited on Bordeaux over the last few years must also have blighted the Côte Rôtie, but it is actually not […]

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The lure of California – Opus One 2013

The arrival of Opus One 2013 on La Place on Monday morning is a reminder that the fine wine investment market isn’t all about Bordeaux, much as trading may be dominated by the Bordelais producers most of the time. Indeed the fact that the Liv-ex 1000 is now in all time high ground while the […]

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