The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.
Giles Cooper, marketing director at BI Fine Wine & Spirit Merchants, says that people tend to ‘revert to the classics’. Here he includes Bordeaux, Burgundy and the Rhone. These, he says, are well-balanced wines that go well with food. Cooper also includes in this list of ‘classics’, some wines from Spain, like Rioja. These, he says, tend to be more mature, as they spend more time in the barrel.
In terms of the price point, Cooper says that if you pay between £35.00-50.00 per bottle of wine, and you take good advice, should you need it, you can tap into the fine wine market. However, he also points out that the wine market is driven by supermarkets in the UK and the average price per bottle remains under £7.00.
So far as the New Year celebrations are concerned, sparkling wine remains the prime choice. Here, English sparkling wines are beginning to compete against some of the Champagne labels. But Cooper says, at the top end, there is still no major challenge to Dom Perignon, Christal, Krug and Tattinger Comtes de Champagne.
.jpg)
