Bordeaux sales ‘reach five-year high’

16th August, 2016 by Lucy Shaw

Sales of Bordeaux’s top fine wines have reached a five-year high off the back of rising demand from Asia due to the fall in the value of the pound post-Brexit.

As reported by The Financial Times, after years of flat sales following four less-than-spectacular vintages, fine wine merchant BI enjoyed a spike in sales last month.

“We literally had to close down our sales screens at the moment of Brexit. Everyone just piled in – and now the market is really moving,” BI’s chief executive, Gary Boom, told the FT.

BI’s LiveTrade Index, which tracks the prices of the top Bordeaux châteaux, is up by nearly 15% year on year. After the value of the pound fell dramatically following Britain’s decision to leave the EU, international wine buyers were….

Continue reading

Get unlimited access to The Drinks Business, from just £10.75 per month

Join The Drinks Business
Already a subscriber?

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters