Betting on Older Vintage Price Appreciation
The extraodinary prices for 2009 Bordeaux futures will have an influence on the price of older classic vintages
Posted: Jun 28, 2010 12:00pm ET
I have read the comments on my June 21 blog on Bordeaux's red-hot 2009 futures campaign, and most of them are critical of the high prices. But people keep buying! Prices for the top wines seem way too expensive and, personally, I am not buying. But be warned. Expect prices for older vintages for the top names to increase in the near future due to the extremely high prices of the 2009s.
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