Wine 'outperforming oil and gold'
Wine 'outperforming oil and gold'
Dec 3, 2010 6
Wine sales are enjoying a bumper winter this year with reported turnover up 200 per cent compared to 2009. According to the Bordeaux Index, a monthly report on the state of the fine wine market, bottles of white and red outperformed gold and oil. Wine prices jumped 5 per cent, year-on-year, bettering rises in the price of oil, which was up three per cent, and gold – up to two per cent.
The rise has been attributed to an increased interest in China for fine wines over the past 12 months.
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