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Corking

Smart alec wine investors can tip a glass to themselves after it was announced that prices for the top vintages rose 40% during 2010 due to a demand explosion in Asia.

And fine wine investment specialists predict another corking year in 2011.

The growth owes much to strong demand from Asian markets. In Hong Kong, record auction prices were set when cases of twelve wines traded for tens of thousands of pounds.

Gary Boom, founder of Bordeaux Index, said: 'Once more, the key dynamic has been continued demand from the Asian market.

'Chinese buyers in particular have got a taste for fine wine – and with alternative investment classes such as gold and shares limping through to the end of the year, it's hard not to give any other forecast other than for growth to continue well into the New Year.'

We’ll drink to that.

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