Liquid luxury

08.08.2016  – Fine Wine Investment  – It was very interesting to see the Liv-ex July market report end with an article entitled: “DRC – A luxury product”, because at Amphora we have been banging the “fine wine as a luxury product” drum for some years. This is important because it represents a considerable back stop […]

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Lafite: Still the Premier Grand Cru?

01.08.2018  – Fine Wine Investment  – Earlier this month Liv-ex released a note about the popularity of producers in the fine wine market as indicated by the frequency with which their individual pages are visited by merchants interested in trading. Only members have access to the platform, so we can say with reasonable certainty that […]

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Eeny, meeny, miny, Burg

25.07.2018  – Fine Wine Investment  – One of the questions arising from last week’s note on the narrowing of First Growth and Second Wine price differentials is not simply whether it will continue but, for those of a more speculative inclination, where else it might manifest itself. Let us say at the outset that we […]

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Have the second wines run their course?

19.07.2018  – Fine Wine Investment – There have been 3 Liv-ex posts in recent days, the combination of which makes for interesting debate. This is the way of much Liv-ex analysis: it points out the facts arising from the data it collects, and leaves you to draw your own conclusions. This can be quite frustrating […]

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2017 en primeur conclusions

11.07.18  – Fine Wine Investment – This is the time of year when market watchers shake their heads in disbelief at some of the en primeur prices released during the campaign just-finished, and people question afresh things like the validity of La Place and the viability of the negociants, but to us at Amphora this […]

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2017 En Primeur selections

20.06.18  – Fine Wine Investment  – It seems fair to suggest that the producers simply don’t want your money this year, and this may help explain the rally we have seen in the Liv-ex 50 over the last three weeks or so. Anything from a cursory glance to an in-depth examination of en primeur release […]

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Hot Tip – Lafite Rothschild 2017

20.06.18  – Fine Wine Investment  – Regular buyers of en primeur from Amphora will be aware that in recent years we have been painfully selective, concluding that most Chateaux grossly overpriced their campaigns. This strategy has served us well – whilst en primeur profits in the broader market have been modest at best, Amphora’s have […]

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A difference of opinion

14.06.18  –  Fine Wine Investment  – It has been the Amphora modus operandi to select for portfolios wines which date principally from around 1996, due to the crucial requirement for a ready secondary market. Recent events have made us re-examine this because the spate of activity in older wines referred to in recent notes has […]

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Back in the 90s…

06.06.2018  – Fine Wine Investment – Okay I’ll fess up at the outset: I own a Cheval Blanc 1998, so it is with elevated interest that I noticed Lisa Perrotti-Brown’s recent retrospective into that vintage. My interest is not just personal, of course, because its consequences, if any, will help develop the narrative about the […]

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Old wine, less liquid?

31.05.18 – Fine Wine Investment The most interesting feature of the fine wine market at present, as we continue our wait for more significant 2017 en primeur releases, is action at the opposite end of the chronological scale. There has been a distinct hoovering up of a series of 1980s First Growths and equivalent, and […]

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Value in the 2014’s

24.05.18  –  Fine Wine Investment Back in November we highlighted several Bordeaux wines from 2014 as well worth a second look, and because the market has been consolidating over this time, some of these bargains are still around. One of the questions that came back to us last time focussed on the prior outperformance of […]

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Tip-toeing through Bourgogne

24.04.18 – Wine Investment – It is tempting when you see the headlines to think that investing in Burgundy is a pretty easy way to make a few bob, but it rather reminds us of the old adage: “them that has, gets”. Undeniably the best way to have made a fortune over the years has […]

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