Investors in burgundy wines will be toasting their gains after the fine wines outperformed equities and gold last year.
The index that tracks the movements of the most actively traded wines from the Burgundy region on the secondary market, the Liv-ex Burgundy 150, jumped 35 per cent last year, setting a record high in November, before falling back slightly in December. This compared with pound-denominated gains of 5 per cent for gold and a 12 per cent fall for the FTSE 100 last year.
Growing worldwide demand in wines from France’s Burgundy region has pushed prices to dizzying heights during the past few years. The scarcity of supplies from the region due to bad weather has also fuelled the increase in prices.
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