Vente en primeur et investissement: une étude sur les grands crus de Bordeaux

Héla Hadj Ali and Celine Nauges

Economie & Prévision, 2003, vol. 159, issue 3, 93-103

Abstract: The aim of this article is to explain the recent enthusiasm in the fine wines market for the system known as ?vente en primeur?(saleofwinesintheyearfollowingtheharvestbeforebeingbottledanddeliveredtowinemerchants). Onthe basisofpricedataforBordeauxwines,ananalysisismadeofthepriceincreasebetweenthe?venteenprimeur?andthe firstsubsequentpricequotation. Itisshownthataninvestmentin?primeur?wine(between 1995and 1999)resultedin returnssignificantlybetterthanfrominvestmentonthetraditionalstockmarket. Thisanalysisalsohighlightsthespecific nature of the market for the five prestigious ?grands crus?.

Keywords: Bordeaux wine; vente en primeur; investment (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=ECOP_159_0093 (application/pdf)
http://www.cairn.info/revue-economie-et-prevision-1-2003-3-page-93.htm (text/html)
free

Related works:
Journal Article: Vente en primeur et investissement: une étude sur les grands crus de Bordeaux (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:ecoldc:ecop_159_0093

Access Statistics for this article

More articles in Economie & Prévision from La Documentation Française
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().