On the auction front, a « wait and see » approach is always required in this « pre-primeur » period, and prices of recent vintages, most of which are listed in iDealwine’s WineDex indexes, remained stable in April: the WineDex® 100 rose slightly to 0.42%, driven mainly by wines from the Rhône valley (+ 0.63% for WineDex® Rhône) and also by Burgundy wines (+ 0.49%) . In Bordeaux, stable rates are the order of the day, ahead of a primeur campaign which promises much following tastings for the 2015 vintage: the Bordeaux WineDex® thus remained unchanged in April (0, 14%).
The iDealwine wine indexes show a rise of 4.48% since the start of 2016, easily outperforming the CAC 40 index. Indeed, the Paris Bourse’s benchmark index actually shows a decline of 5.02%, falling further to 14.84% when calculated over the last 12 months. Does that make wine a better bet than the stock market? Here at iDealwine, we’d say it does ;-).
Read further on iDealwine Le Blog:
- Auction Report 13th April
- Auction Report 30th March
- Auction Report 16th March
- Auction Report 24th February
- Auction Report 27th January
- Top 10 lots and bottles in 2015 auctions
- The 100 most sought-after wines in 2015
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