As we have reported before, top Burgundy wines have seen success against the backdrop of the Liv-ex 50’s fall. The Liv-ex DRC Index, which tracks the price movement of recent vintages of the brand's leading crus, has seen a 34.5% growth in the last two years – compared to the Liv-ex 50’s drop of 24.2%.
The gap between the two indices reached a peak in summer. Since then both indices have run relatively flat. The question today is where does the market perceive the value to lie? The contrarians out there would no doubt see a switching opportunity.