July 14, 2016

DRC strikes back

The DRC:First Growth ratio peaked at 6.11:1 in November 2015 when the Fine Wine 50 Index bottomed out, suggesting the First Growths had reached a point where they offered relative value compared to the wines of DRC. As can be seen from the chart, however, the ratio has recently changed direction and now stands at 6.16:1 – above its peak level last year.