Fine wine up 3.8% in January
Fine wine up 3.8% in January
Feb 4, 2011 6
Fine wine started the year strongly, with January prices returning 3.8% growth, but a late rally at the end of the month meant the Dow Jones skipped it into first place with 4% growth.January’s star wines all came from Mouton, Margaux and Haut Brion with the best-performing vintages returning double-digit returns, said Bordeaux Index.
Other asset classes had a mixed month — gold sunk over 6%, while high inflation and recessionary fears saw the FTSE100 close just 0.6% up on the month. Instabilities in the Middle East and a weaker US dollar saw oil spring up 3.4% in January.
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