Bordeaux wine market recovered in 2016 helped by lower pound

LONDON: The Bordeaux wine market confirmed its recovery in 2016 after five years of declines that cut prices of the region’s leading wines by more than 40% from their 2011 peak, according to a review from the London-based Liv-ex exchange.

The Liv-ex Fine Wine 50, which comprises 10 recent vintages of Bordeaux first-growth wines including Chateau Lafite Rothschild and Chateau Latour, climbed about 26% for the year, and was heading for its 13th straight monthly gain in December, according to Liv-ex data.