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Armand Rousseau Was the Best-Performing Fine Wine in 2019
First Growths failed to make the top five for the first time in 14 years, Liv-ex says Burgundy had a stellar year on the secondary fine wine market at the expense of Bordeaux, but it was Armand Rousseau that outshone other brands in 2019, according to Liv-ex. Last year, the average price of a total of 146 unique Armand Rousseau wines traded on Liv-ex, a London-based global marketplace for wine trades, reached £13,185 (US$17,274) per case, up 20.8% from the year before. This helped Armand Rousseau leapfrog two other Burgundy producers,… Read More
Investing in fine wine
On March 20th a wine sale held by Christie’s, a British auction house, featured so many lots that the voluble auctioneer lost count at number 36. “Thanks for keeping me on my toes,” he told the observant attendee who had noted his error. That hiccup aside, the auction was a success. Nine out of ten lots found a buyer. The most valuable—a 12-bottle case of Domaine de la Romanée-Conti 1988, from Burgundy—fetched £232,750 ($305,135). The entire sale raked in £1.3m. Yet the room itself was almost empty: fewer than 20 people watched… Read More
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