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Digital Subscriptions > Prospect Magazine > April 2016 > Wine

Wine

Rising prices for wine investors

Perhaps the most important question to ask besides when should you drink a wine is when should you buy it. The system of buying Bordeaux wines en primeur (before they have been bottled and cellar-aged) used to serve château owners and wine merchants equally well. The owners didn’t have to keep their stock waiting to accrue value; while the merchants bought wines that could be sold for more at a later date. Though, recently, there has been much disquiet about the opening prices for grand cru Bordeaux wines, for they are some of the most sought after on the international market and the Bordelais know it. No longer are they prepared to let merchants profit from the high prices these wines command after a few years in the cellar. Merchants are unhappy, however, at the eye-watering opening prices of the best château wines—they are, after all, taking a risk. Buyers and wine critics have to taste these wines in barrel and predict whether the fruit, alcohol and acid will all coalesce into a balanced and elegant wine in eight to 15 years.

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In Prospect’s April issue: Sam Tanenhaus profiles Donald Trump, the leading candidate for the Republican Party Presidential nomination and asks if Trump makes it to the Oval Office, what would he do? Stephen Glover, examines what is happening at the Guardian as the newspaper looks to cut costs. Ferdinand Mount says Tony Blair transformed Britain but he should have cared more about the Labour Party. Also in this issue: Richard Dearlove, the former head of MI5, says that Brexit would not damage the UK’s security and Christopher de Bellaigue questions whether France’s clampdown on radicals is having the right effect. Plus Miranda France looks at the legacy of Don Quixote and the Duel asks: “Should the Church of England be disestablished”?
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