The Latest En Primeur Campaign: What Investors Need to Know
Each year, the Bordeaux En Primeur campaign generates significant attention across the fine wine investment market. Against a backdrop of shifting global demand and evolving market conditions, each new campaign brings a new set of release prices for investors to assess carefully.
Our team of specialist advisers attends the Bordeaux barrel tastings each year and provides clients with first-hand vintage assessments and targeted buy recommendations. Contact us to discuss whether En Primeur investment is appropriate for your portfolio.
Frequently Asked Questions About En Primeur
What does En Primeur mean? En Primeur is a French term meaning "in primary" or "as a first." In the context of wine, it refers to purchasing wine before it has been bottled, while still in barrel at the château.
Is En Primeur a good investment? En Primeur can suit investors when the vintage quality is high and release prices are competitive versus comparable back vintages on the secondary market, but prices after release can fall below the En Primeur price. Working with experienced specialists can help in assessing value within each campaign.
How long do you hold En Primeur wine? Most investors hold En Primeur wines for a minimum of five to ten years, allowing the wine to develop. Secondary market prices can rise or fall over that time.
Is En Primeur wine exempt from Capital Gains Tax in the UK? In many cases, yes. Fine wine is typically classified as a wasting asset for UK CGT purposes, which may exempt gains from tax. Individual tax circumstances vary, and we recommend consulting a qualified tax adviser.
Which En Primeur wines are most sought after by investors? The most sought-after wines include Bordeaux First Growths (Lafite, Latour, Margaux, Mouton Rothschild, Haut-Brion), Right Bank icons (Pétrus, Le Pin, Cheval Blanc), and top-scoring wines from across the classification in exceptional vintages.
This article is for informational purposes only and does not constitute financial or investment advice. Fine wine investment carries risk, including the possible loss of capital. Past performance is not a guarantee of future returns