Red Bordeaux en primeur 2007, an underappreciated, early drinking, mid-term cellaring vintage for devotees, not investors.
En Primeur or wine futures has its logic, after all we are dealing with the most collectable wine in the world, the consumer pays upfront, supposedly at a discount to the projected market price, taking title of an unfinished wine that they will receive in two or three year’s time, the Bordelaise château proprietors achieve a contingent source of finance in an industry that is inordinately capital intensive.
This is facilitated through a long established network of Bordeaux negociants, although there have been an increasing number of wine investment orientated companies appearing in recent times, such as the Bordeaux Index, www.bordeauxindex.com, offering comprehensive wine investment services.
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