and what it means to you
Over the last few years the fund management industry has come under a great deal of scrutiny. It started in the run up to the 2008/2009 crash, as more and more hedge funds set themselves up, chasing the absolute return dream. Fortunes were made by these fund managers under the 2 and 20 rule, where […]
Offer: Mission Haut Brion 2000 @ £4,375 From time to time at Amphora Portfolio Management we face the following observation about fine wine investment: “How can you invest in something which has no intrinsic value?” Undeniably, wine has no intrinsic value. It is a drink. It doesn’t throw off cash, you can’t do a dividend […]
Amphora talks to Share Radio UK about the wine investment market. To listen to the conversation click here.
Lady Penelope: ‘Parker, take off my bra!’ Parker: ‘Yes, m’lady.’ Lady Penelope: ‘Parker, take off my panties.’ Parker: ‘Yes, m’lady.’ Lady Penelope: ‘Parker, take off my stockings.’ Parker: ‘Yes, m’lady.’ Lady Penelope: ‘And don’t ever let me catch you wearing my underwear again.’ Investors of a certain age will be familiar with the old joke. […]
We are increasingly being asked about putting fine wine investments into a SIPP, which on the face of it seems a fairly sensible question, particularly since the pension legislation was relaxed. As far as we are concerned it’s encouraging to hear questions like this: it suggests that at least the interested parties have the right […]
There are certain precepts that hold true in most market places, of which the law of supply and demand and its effect on prices are undoubtedly one. In fact, the entire fine wine investments industry essentially hinges on this essential principle. Limited production + diminishing supply = increased prices. At APM, we often wonder about […]
So the great 2005 review by Robert Parker is revealed, and we would like to congratulate those of our clients who took advantage of the Pontet Canet offer from the end of last week, as its upgrade to 97+ has seen an uptick in the bids in the market place and we expect to see […]
Have you ever read sentences like: “if you had invested $10,000 in Berkshire Hathaway in 1985 it would be worth $1,000,000 now”, and wondered how on earth to grab a bit of the action? It’s actually very difficult, unfortunately. The investment industry is bound by a variety of things which prevent the majority of fund […]
As the dust settles on this Curate’s Egg of a campaign, it is worth highlighting a couple of very well priced offers which we consider an excellent addition to most portfolios. Do bear in mind that we have not strongly recommended an En Primeur purchase since the 2008 vintage, since which time the pricing strategies seemed […]
As the campaign unfolds, several (already rehearsed) bargains are appearing, but it is important to glean whatever implications there might also be for back vintages. It is worth pointing out incidentally that an en primeur contract is only as viable as the buyer’s counterparty, and with several negociants going under in recent years it is […]
We have had a lot of calls over the last couple of days about the Election result, and its implications, such as they are, for the fine wine market. At APM we proclaim no particular political affiliation, but we can draw general conclusions from the decision the electorate took last Thursday. All markets like stability. […]
After a long weekend – French bank holiday on Friday, British bank holiday on Monday – the campaign has roared into life again today. There have been releases from Cos, Talbot and most importantly La Mission Haut-Brion and Haut- Brion, and we can now beginning to see a semblance of a pattern developing in the […]