Last month, our CEO, Gregory Swartberg, sat down with Laurence Fletcher from the Financial Times, to discuss the fine wine trends of 2022, especially Burgundy and Champagne and to share his thoughts on the region.
In case you missed the article before Christmas, we’ve highlighted his key points below.
For specialist wine investors, though, this niche market has also provided a shield from soaring inflation and falling financial markets. “It’s been a phenomenal year” for vintage Champagne and Burgundy, said Gregory Swartberg, chief executive of London-based wine investment company Cru Wine, which manages around £30mn in client assets. “With vintage Champagne, there’s just not enough of it being made” to keep up with demand, he said, adding that his business had seen record demand for fine wine from investors over the past four months.
Some industry insiders such as Cru Wine’s Swartberg believe the relaxation of China’s strict zero-Covid policy could revive demand from Asia. Should that happen, then one of the winners could be Bordeaux, whose relative value compared with top bottles of Burgundy and Champagne should stick out to Chinese buyers.
You can read the full article here.