North American collectors bought 70 percent of Bordeaux 2014 wine futures transacted this year through Sotheby’s Wine as the amount sold rebounded from the previous two vintages to climb back close to volumes achieved in 2011.
Bordeaux 2014 sales were 90 percent higher than the 2013 vintage and 80 percent above the 2012 campaign, according to Sotheby’s. Sales were still 10 percent below those for the 2011 vintage.
The 2014 vintage followed two difficult years of weather in the region and marked a return to more normal conditions both in the vineyards and in the global wine market. While 2014 prices in Bordeaux were generally above those predicted by merchants, according to Liv-ex, growers said improved quality relative to 2013 and 2012 helped make 2014 wines more expensive.
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