Polarising market

Interesting comment from Peter Lunzer in Lunzer Wine Investments Ltd's February 2010 newsletter. 

'The market seems to be becoming more polarised than ever in that while top brands are continuing to attract buyers there is undoubtedly a huge stock of lesser Bordeaux Chateau from respectable vintages (as well as poor Vintages) for which the buyers are rather thin on the ground. This gives two different pictures of the market with some Merchants and Negotiants struggling to survive at the same time as record auction prices in Hong Kong and Chicago keep people guessing as to where the market may be heading. Once again finite supply and global demand are causing a natural pressure on prices and we can see no reason for this to abate.'

A reminder that the number of wines that can really be considered for investment remains small.